Post-Soviet Industrial Policy: From the Red Directors to the New State Oligarchs

Albrecht Rothacher ()

Chapter Chapter 2 in Putinomics, 2021, pp 43-104 from Springer

Abstract: Abstract The three stages of post-Soviet industrial policies are outlined: The early stage of “red directors”, who simply took over their companies, followed by the wild privatization of the Yeltsin oligarchs, whose conglomerates were then integrated into Putin’s system of state-monopoly capitalism. The fascinating story of purged and surviving old oligarchs is researched in detail as are the careers, profiles and business practices of the new state-oligarchs, and the re-emerging role of the central state. The new state-oligarchic interplay is made visible in Russia’s decisive energy export policy. The fate of foreign investors is reviewed in Bill Bowder’s Heritage Fund as a suitably instructive case study.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74077-1_2

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DOI: 10.1007/978-3-030-74077-1_2

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