Post-communist Russia in the Post-industrial World: The Quest for Catching-up Policy

Vladimir Mau

Post-Communist Economies, 2003, vol. 15, issue 3, 313-330

Abstract: This article discusses the strategy of economic development of Russia, which has to be developed after the end of the first stage of post-communist transition--when the private economy replaced the state-controlled one and stabilisation was achieved. Russia is considered to be a heavily industrialised country, which has faced the challenges of post-industrial modernisation in the logic of catching-up development. This makes it different from so-called 'new industrial states'--countries that have to resolve the task of transformation of a traditional (agrarian) society to an industrial one. The analysis is based on Gerschenkron's approach to 'accelerated industrialisation' and its adjustment to the post-industrial world. The author suggests a set of economic policy principles which could ensure sustainable economic growth and stimulate structural reforms appropriate for the new challenges, that is to stimulate transformation of an industrial country to a post-industrial one. This is considered as a 'policy of catching-up post-industrialisation'.

Date: 2003
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DOI: 10.1080/1463137032000139034

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