Path Dependence in Russian Policy Making: Constraints on Putin's Economic Choice

Stefan Hedlund

Post-Communist Economies, 2000, vol. 12, issue 4, 389-407

Abstract: A decade after the introduction of economic transition in Eastern Europe it was starting to become clear that initial beliefs in one-size-fits-all reforms had been unfounded. While some countries had made the grade, others- notably so Russia- had failed to live up to expectations. This article explores the Russian roots of that failure, arguing that the Russian reformers failed to take into account a deeply rooted Russian path dependence. By focusing narrowly on changes in the formal rules of the game, they neglected pressing needs for broader institutional change, including a credible commitment by the Russian government to impartially enforcing a rules-based system. It is argued that the legacy left for Vladimir Putin in important respects is even more dire than that left by Gorbachev for the El'tsin team.

Date: 2000
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DOI: 10.1080/14631370050216470

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