The New Political Economy of Russia
Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals,to implement the judicial, administrative, social, and banking reforms necessary to future growth.Written by a team of...
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An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data.
Preface1Introduction12Accounting for Growth92.1The Productivity Challenge172.2The Investment Challenge292.3The 2001 Survey on Reform Priorities383The Political Context of Economic Reform433.1Government Accountability during the Yeltsin Presidency453.2Government Accountability during the Putin Presidency564Structural and Institutional Reforms674.1Incentives and Failure of the Post-Soviet Judicial System694.2Regulation and Rent-Seeking Bureaucracy974.3Banking-Sector Failure and Reform1064.4Social-Sector Reforms1215International Accountability: The Prospect of Accession to the World Trade Organization1355.1Costs and Benefits of WTO Accession1355.2Russian Accession Strategy and WTO Accession as an External Anchor1415.3Accompanying Policies1426Conclusions145Notes151References155Index163
