Origini e limiti del modello russo di politica economica neoliberale (The origins and limits of the Russian model of neoliberal economic policy)

Denis Melnik

Moneta e Credito, 2022, vol. 75, issue 298, 101-121

Abstract: L'articolo delinea il modello di politica economica russa emerso alla vigilia del XXI secolo, all'indomani della crisi del 1998. Quella crisi non ha messo in discussione l'ideologia dominante – neoliberista – che regnava in Russia dalla caduta dell'Unione Sovietica. Ma ha esacerbato il conflitto distributivo tra lo stato e le grandi imprese, "l'oligarchia", che alla fine ha portato alla vittoria dello stato e alla definizione di un nuovo equilibrio di interessi nell'establishment russo. La stessa crisi ha indotto il governo a seguire una rigorosa regolamentazione macroeconomica. L'attuale crisi non ha finora modificato la natura essenzialmente neoliberista della politica economica. Tuttavia, come viene mostrato nell'articolo, questa crisi indica i limiti del modello di politica economica stabilito. The article outlines the model of Russian economic policy that emerged on the eve of the 21st century, in the aftermath of the consequential 1998 crisis. That crisis did not challenge the dominant – neoliberal – ideology that reigned in Russia since the fall of the Soviet Union. But it exacerbated the distributive conflict between the state and the big business, "oligarchy", which eventually resulted in the victory of the state and in establishing a new balance of interests in the Russian establishment. The same crisis induced the government to follow rigorous macroeconomic regulation. The current crisis has not changed the essentially neoliberal nature of economic policy so far. Yet, as is shown in the paper, this crisis indicates at limits to the established model of economic policy.

Keywords: Russia; crisis; sanctions; import substitution; economic policy; neoliberalism (search for similar items in EconPapers)
JEL-codes: A11 B29 O25 P21 P31 (search for similar items in EconPapers)
Date: 2022
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