Russia's Uncertain Economic Future: With a Comprehensive Subject Index

Couverture
M.E. Sharpe, 2003 - 481 pages
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The contributors to this volume analyze the present state of the Russian economy and its future prospects - which now seem brighter than at any previous time in the country's history. The Russian economy is now showing positive GDP growth and a positive balance of payments, portending a trend of sustained growth. The record of the Putin presidency with respect to the establishment of market-friendly legal and administrative environments is substantially positive. On the other side of the ledger, the contributors identify the persistence of monopolies in energy, transportation, and agriculture; distortions resulting from corruption, infrastructural inadequacies, and the maldistribution of political power and decision-making authority; demographic decline and the erosion of human capital as manifested in the health, education, and welfare of the population. Russia's successful development as a democratic society with a market economy is of great importance to its neighbors and to the global economy, and specifically to the United States, which is why the U.S. Congress commissioned these studies by expert analysts. This edition includes a comprehensive subject index, making the volume user-friendly.
 

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Table des matières

Major Commodity Restructuring but Little
253
Human Capital and the Social Contract
283
A Social Contract
307
Longrun Prospects for the Russian Economy
329
Russias Evolution as a Predatory State
347
U S Bilateral Assistance to Russia 19922001
369
Issues for the U S Congress
385
Policy and Performance
411

Austere Budgeting in a Poor State
141
Russian Defense Spending
161
The Development of Institutions
183
Energy Transportation and Agriculture
213
From Special Case to
425
Index
465
Droits d'auteur

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Page 97 - Affairs in the Graduate School of Public and International Affairs at the University of Pittsburgh.
Page 48 - ... distortions that prevent equal competition. The distortions come from attempts to address social concerns, corrupt practices, and lack of information. In the manufacturing sectors, regional governments channel implicit federal subsidies to unproductive companies. Such subsidies take the form of lower energy payments and are allegedly intended to prevent companies from shutting down and laying off employees. This puts potentially productive companies at a cost disadvantage, blocking investments...
Page 48 - China's local governments stand in sharp contrast with the 'status quo' policies of Russia's local governments. According to a comprehensive analysis of ten sectors of the Russian economy in 1999, the McKinsey Global Institute (1999) found that: In nine of the ten sectors, the direct cause of the low economic performance is market distortions that prevent equal competition. The distortions come from attempts to address social concerns, corrupt practices, and lack of information. In the manufacturing...
Page 56 - ... regional level of government), by means of tax and utility arrears. This is the case of the SBC phenomenon (Pinto et al. 2000; Kornai 2001). In this case, it would appear that its behaviour is influenced by a desire to maintain employment and prevent social unrest. McKinsey (1999) found that '... policies are often put in place to achieve social objectives, namely protecting existing jobs, but in many cases, the suspicion is that they also serve the personal financial interests of government...
Page 16 - Moldova continues to receive support from the international financing agencies (the International Monetary Fund [IMF], the World Bank and the European Bank for Reconstruction and Development [EBRD]), loan disbursements to Belarus from these agencies were suspended early in 1996.
Page 253 - Center for Pacific Basin Monetary and Economic Studies Federal Reserve Bank of San Francisco The opinions expressed in this paper are the author's alone and do not necessarily reflect the views of the Bank of Korea, the Federal Reserve Bank of San Francisco, nor the Board of Governors of the Federal Reserve System.
Page 351 - ... new assets, undermining still further the chances for a restoration of a productive economy. Privatization policy also undermined the government's ability to develop a professional civil service. In an effort to assume direct control over the process, Chubais used foreign assistance funds to construct Russia's massive privatization program. Russian Privatization Centers (RPCs) were created to implement the program, yet the RPCs needed to recruit personnel. A ready pool of labor was found among...

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