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The Russian crisis: Perils and prospects for post-Soviet transition

Опубликовано на портале: 15-12-2002
American Journal of Economics and Sociology. 1999.  Vol. 58. No. 3. P. 371-384. 
Тематический раздел:
Since 1992, the rhetoric of Russian economic reformers has been one of full-speed ahead to a free-market economy. The reality, however, has diverged significantly from this rhetoric at both a broad rules of the game level and specific policy within rules level. The resulting ambiguity of the economic environment and the lingering effects of the previous system which is supposed to be reformed has led to a continued deterioration of the Russian economy. A modified defense of shock therapy as a path to a cure for Russia's economic malaise, as opposed to the cure itself, is offered.