Russian economy, the

Michael Alexeev and Shlomo Weber ()

from Palgrave Macmillan

Abstract: Although the Russian economy performed poorly in the first seven years following the collapse of the USSR, the reforms of the 1990s laid the foundation for strong growth in 1998–2008. The early 2000s also saw successful reforms, such as the flat income tax and streamlined regulations. Serious challenges remain, however, including high dependence on natural resources, pervasive corruption, and rapid aging of the population and its distorted geographical distribution. The ability to rid itself of the remaining Soviet legacies in the economic structure, institutions and people's mindset will determine whether Russia can break its historical pattern of growth spurts followed by stagnation.

Keywords: economic transition; government control; Russian economy; Soviet legacy (search for similar items in EconPapers)
JEL-codes: O52 P20 P30 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (83)

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