Les analyses contradictoires sur la situation de l'économie russe avant la crise de septembre 1998

Liliane Bensahel and Jacques Fontanel ()
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Liliane Bensahel: CREPPEM - Centre de Recherche Économique sur les Politiques Publiques dans une Économie de Marché - UPMF - Université Pierre Mendès France - Grenoble 2
Jacques Fontanel: CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble

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Abstract: Russia's economic transition, even before the 1998 financial crisis, has been the subject of many contradictory analyses between those who pushed for increased efforts to liberalise the national economy, and those who insisted on the importance of debt, the fragility of the banking system and the dangers of international speculation. The liberal optimists claimed the strategy of "shock therapy", the priority development of the private sector under IMF-supported policy, the structuralists insisted on the depth and duration of the recession, due to inappropriate public choices and institutional and behavioural inertia, and the protesters insisted on a development that was mindful of the specificity of the Soviet economy, the democratic risks of the immediate development, the unresolved financial problems and the failure of the IMF's strategy . Russia's economic crisis is not good news for the world.

Keywords: Economic transition; Russia; economic crisis; Transition économique; Russie; crise économique (search for similar items in EconPapers)
Date: 1999-04
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Published in Cahiers de l'Espace Europe, 1999, 13

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