Russia’s Two Transitions (1992–2003 and 2003–2022)

Marek Dabrowski

Chapter Chapter 19 in The Contemporary Russian Economy, 2023, pp 383-398 from Springer

Abstract: Abstract Since the collapse of the communist regime and the dissolution of the Soviet UnionSoviet Union in 1991, Russia has experienced two political and economic transitions. In the 1990s, the Russian economy was transformed from the command system of a central planning based on the almost monopoly of state ownership and largely closed to the external world to a more open market system based predominantly on private ownership. However, in 2003, the economic system started moving towards more state ownership, government interference in economic life, and inward-oriented economic policies. The global financial crisis of 2008–2009, the annexation of Crimea and the war in Donbas (2014–2015), the invasion of Ukraine in February 2022, and the associated sanctions and countersanctions accelerated this process.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-17382-0_19

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DOI: 10.1007/978-3-031-17382-0_19

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