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Russian Economic Reforms as Perceived by Western Critics

Vladimir Mau ()

Published Papers from Gaidar Institute for Economic Policy

Abstract: It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia’s performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to reformers in the post-perestroika period. The paper, criticising in particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass privatisation was influenced more by political necessity than theoretical choice, and also discusses the relation between doctrine and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state, and identifies several of the consequences arising.

Keywords: Russian economy; global crisis; economic crisis (search for similar items in EconPapers)
JEL-codes: P20 P21 P26 P27 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1999, Revised 2012
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Downloads: (external link) Revised version, 2012 (application/pdf)

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