Russia’s Reforms: Lessons from the Old Patron

Svetlana Vtyurina

Chapter 3 in Transforming Socialist Economies, 2005, pp 37-77 from Palgrave Macmillan

Abstract: Abstract The collapse of the Soviet Union and the subsequent emergence of modern Russia rank among the most significant historical events of the late twentieth century. Russia’s sudden transition towards a flawed yet recognizable free-market democracy marked an enormous societal transformation which has had vast geopolitical repercussions. Even after the fall of the Soviet state and the break-away of 14 satellite republics, Russia remained the largest country in the world, with an immense territory of 6.5 million square miles, vast natural resources, a population of 143 million, and a central role in international affairs.

Keywords: Exchange Rate; Foreign Direct Investment; Monetary Policy; International Monetary Fund; Banking Sector (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52259-6_3

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DOI: 10.1057/9780230522596_3

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