Author: DAVID M KEMME
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description
RUSSIAN FINANCIAL TRANSITION: THE DEVELOPMENT OF INSTITUTIONS AND MARKETS FOR GROWTH
Economic Opening Up and Growth in Russia
Author: Evgeny Gavrilenkov
Publisher: Springer Science & Business Media
ISBN: 3540247297
Category : Political Science
Languages : en
Pages : 298
Book Description
After a decade of sharp economic decline, Russia switched to an impressive period of economic growth. Yet the economic record is still mixed, and many key problems remain unresolved, both in the economic sphere and the political system. The focus is on economic dynamics in Russia, reasons for its hesitant opening up process as well as the special role of the natural resources sector which is expected to continue to grow. This analysis highlights the existing deficiencies of the Russian economic system and raises doubts about the sustainability of growth. Twin focus is on required reforms and endogenous forces that impair liberalizing trade and investment in an orderly way. Russian discussions on WTO and other international topics are reflected.
Publisher: Springer Science & Business Media
ISBN: 3540247297
Category : Political Science
Languages : en
Pages : 298
Book Description
After a decade of sharp economic decline, Russia switched to an impressive period of economic growth. Yet the economic record is still mixed, and many key problems remain unresolved, both in the economic sphere and the political system. The focus is on economic dynamics in Russia, reasons for its hesitant opening up process as well as the special role of the natural resources sector which is expected to continue to grow. This analysis highlights the existing deficiencies of the Russian economic system and raises doubts about the sustainability of growth. Twin focus is on required reforms and endogenous forces that impair liberalizing trade and investment in an orderly way. Russian discussions on WTO and other international topics are reflected.
Incentives and Institutions
Author: Serguey Braguinsky
Publisher: Princeton University Press
ISBN: 0691225362
Category : Business & Economics
Languages : en
Pages : 295
Book Description
Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated.
Publisher: Princeton University Press
ISBN: 0691225362
Category : Business & Economics
Languages : en
Pages : 295
Book Description
Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated.
Restructuring, Stabilizing and Modernizing the New Russia
Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 364257257X
Category : Business & Economics
Languages : en
Pages : 508
Book Description
Russia has embarked upon a difficult process of systemic transformation and economic opening up. While the initial strong GDP decline seemed to have ended in 1997, the real development was facing even more difficult problems as output declined sharply after the Ruble and banking crisis of August 1998: inflation started to increase again, exports and imports were falling, capital flight increasing and unemployment rising. There is broad disappointment in Russia regarding the transformation failure in 1998 since so many people had hoped that the end of the Soviet command economy would bring democracy, prosperity and international integration. While Poland has been able to double per capita income in the 1990s it has fallen by 50% in Russia and this despite considerable IMF involvement and some (modest) support from other international organizations. What were the reasons for transformation failure in the 1990s? What are the ingredients for long term sustainable transformation? What are the internal and international requirements to avoid a second - possibly tragic - failure of transformation in Russia? An international group of researchers has focussed on these problems during a two-year research project financed by the Alfried Krupp von Bohlen und Halbach Foundation. A series of papers were presented at workshops in Potsdam, Bonn and Moscow in 1999 where this book is devoted to four important issues: the Russian transformation crisis, the topic of restructuring, the need for stabilizing Russia and the requirements for modernizing Russia.
Publisher: Springer Science & Business Media
ISBN: 364257257X
Category : Business & Economics
Languages : en
Pages : 508
Book Description
Russia has embarked upon a difficult process of systemic transformation and economic opening up. While the initial strong GDP decline seemed to have ended in 1997, the real development was facing even more difficult problems as output declined sharply after the Ruble and banking crisis of August 1998: inflation started to increase again, exports and imports were falling, capital flight increasing and unemployment rising. There is broad disappointment in Russia regarding the transformation failure in 1998 since so many people had hoped that the end of the Soviet command economy would bring democracy, prosperity and international integration. While Poland has been able to double per capita income in the 1990s it has fallen by 50% in Russia and this despite considerable IMF involvement and some (modest) support from other international organizations. What were the reasons for transformation failure in the 1990s? What are the ingredients for long term sustainable transformation? What are the internal and international requirements to avoid a second - possibly tragic - failure of transformation in Russia? An international group of researchers has focussed on these problems during a two-year research project financed by the Alfried Krupp von Bohlen und Halbach Foundation. A series of papers were presented at workshops in Potsdam, Bonn and Moscow in 1999 where this book is devoted to four important issues: the Russian transformation crisis, the topic of restructuring, the need for stabilizing Russia and the requirements for modernizing Russia.
Exploring the Future of Russia's Economy and Markets
Author: Bruno S. Sergi
Publisher: Emerald Group Publishing
ISBN: 178769397X
Category : Business & Economics
Languages : en
Pages : 287
Book Description
Based on the 2017 conference "'New Reality' and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
Publisher: Emerald Group Publishing
ISBN: 178769397X
Category : Business & Economics
Languages : en
Pages : 287
Book Description
Based on the 2017 conference "'New Reality' and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
Institutional Change in Transition Economies
Author: Michael Cuddy
Publisher: Routledge
ISBN: 1351742639
Category : Business & Economics
Languages : en
Pages : 200
Book Description
This title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.
Publisher: Routledge
ISBN: 1351742639
Category : Business & Economics
Languages : en
Pages : 200
Book Description
This title was first published in 2002.The importance of institutions for transition economies has so far been overlooked; Michael Cuddy and Ruvin Gekker bring together leading experts in the field to fill this crucial void in the literature. The contributors concentrate on an ongoing tension between informal constraints and mechanisms and the new formal rules and mechanisms that have gradually evolved through the transition period. Experiences are primarily drawn from Russia. The book consists of three parts, the first comprising an analysis, synthesis and generalizations of the institutional adaptations, as a market economy slowly emerges from a fog of shifting rules and varying interpretations. This is followed by the study of business and taxation authorities’ behavior as they try to minimize or maximize the taxation take. The volume also analyzes the challenges facing central and regional governments in delivering equitable levels of public services across regions of vastly different development levels, while at the same time trying to stimulate regional economic growth.
Russia's Financial Markets and the Banking Sector in Transition
Author: Jouko Rautava
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 220
Book Description
Tiivistelmä.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 220
Book Description
Tiivistelmä.
Russia's Transition
Author: Alexander Kura
Publisher: Nova Publishers
ISBN: 9781590330227
Category : Business & Economics
Languages : en
Pages : 182
Book Description
This book discusses and dissects the strategies of international institutions and donors to assist it in its economic and political transition to a market economy. Considerable detail is provided on the activities of the International Monetary Fund (IMF), the European Bank for Reconstruction, the World Bank, and the European Union in Russia. The book is based on a GAO Report that has been excerpted and augmented by explanatory commentary. A full subject index is provided.
Publisher: Nova Publishers
ISBN: 9781590330227
Category : Business & Economics
Languages : en
Pages : 182
Book Description
This book discusses and dissects the strategies of international institutions and donors to assist it in its economic and political transition to a market economy. Considerable detail is provided on the activities of the International Monetary Fund (IMF), the European Bank for Reconstruction, the World Bank, and the European Union in Russia. The book is based on a GAO Report that has been excerpted and augmented by explanatory commentary. A full subject index is provided.
At a Crossroads
Author: Sergey Kulik
Publisher: McGill-Queen's Press - MQUP
ISBN: 1928096786
Category : Business & Economics
Languages : en
Pages : 203
Book Description
Globalization proceeds apace, taking on new forms that impact global economic, financial and social processes. Interdependence is not simply strengthening the range of possibilities for national economies to participate in, and advantage of, these developments, but expanding the opportunities that are available to them. The question is how do states take advantage of these global developments. Russia is no exception. Although it actively participates in the globalization process, it is, however, confronting greater economic, technological, structural and institutional problems than other countries. At the same time, there is dwindling hope for favourable conditions to continue in global energy markets, which are crucial to the Russian economy. These problems exist alongside the risk that the widening gap between Russia and other economies in terms of economic performance and technological development and growth will continue. Russia now stands at the crossroads of either overcoming or exacerbating these current challenges. This choice dictates the current realities of pax economica. Moscow must, in the very near future, make meaningful, if not fundamental, decisions aimed at further opening its economy, improving its institutions, and strengthening its international ties. This task is made more difficult by Russia's weakening competitiveness and by its ambiguous position on the international division of labour. The old model of Russian development has been exhausted and a new one must be chosen. Russia's choice at this juncture will determine the future of its economic development for many years to come.
Publisher: McGill-Queen's Press - MQUP
ISBN: 1928096786
Category : Business & Economics
Languages : en
Pages : 203
Book Description
Globalization proceeds apace, taking on new forms that impact global economic, financial and social processes. Interdependence is not simply strengthening the range of possibilities for national economies to participate in, and advantage of, these developments, but expanding the opportunities that are available to them. The question is how do states take advantage of these global developments. Russia is no exception. Although it actively participates in the globalization process, it is, however, confronting greater economic, technological, structural and institutional problems than other countries. At the same time, there is dwindling hope for favourable conditions to continue in global energy markets, which are crucial to the Russian economy. These problems exist alongside the risk that the widening gap between Russia and other economies in terms of economic performance and technological development and growth will continue. Russia now stands at the crossroads of either overcoming or exacerbating these current challenges. This choice dictates the current realities of pax economica. Moscow must, in the very near future, make meaningful, if not fundamental, decisions aimed at further opening its economy, improving its institutions, and strengthening its international ties. This task is made more difficult by Russia's weakening competitiveness and by its ambiguous position on the international division of labour. The old model of Russian development has been exhausted and a new one must be chosen. Russia's choice at this juncture will determine the future of its economic development for many years to come.
Strategy, Structure and Performance in a Transition Economy
Author: Tobias Weigl
Publisher: Springer Science & Business Media
ISBN: 3835055623
Category : Business & Economics
Languages : en
Pages : 403
Book Description
Based on the results of 177 survey responses, Tobias Weigl shows that the simple transfer of managerial and organizational skills, techniques, values and culture from developed countries to Russia is a false assumption among academics and practitioners.
Publisher: Springer Science & Business Media
ISBN: 3835055623
Category : Business & Economics
Languages : en
Pages : 403
Book Description
Based on the results of 177 survey responses, Tobias Weigl shows that the simple transfer of managerial and organizational skills, techniques, values and culture from developed countries to Russia is a false assumption among academics and practitioners.