Conclusions

Markku Lonkila

Chapter 9 in Networks in the Russian Market Economy, 2011, pp 141-145 from Palgrave Macmillan

Abstract: Abstract This book began with a reference to Anders Åslund’s (1995) claim that ‘Russia has become a market economy’. With the wisdom of hindsight, it can be said that this was a hasty statement considering the share of barter in the Russian economy in the 1990s. Later Åslund specified his claim by noting that Russia fulfils the five criteria of a functioning market economy: economic actors are independent from the state and are able to act freely, private ownership of enterprises is prevalent and property rights reasonably secured, prices and trade are predominantly free, state subsidies are limited and transactions are largely monetized (Åslund 2007: 2–3).

Keywords: Market Economy; Personal Network; Political Freedom; Russian Society; Unintended Result (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1057/9780230294936_9

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