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How Russia Became a Market Economy (Paperback, New)
Loot Price: R644
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How Russia Became a Market Economy (Paperback, New)
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The breakup of the Soviet Union and the attempted transformation of
Russia into a democracy and a market economy constitute one of the
most significant events of our time. A transformation could hardly
be greater, yet judgments vary from failure to substantial
achievement. This book clarifies that Russia has actually become a
market economy. Anders slund provides the most detailed and
insightful assessment to date of the Russian transformation from a
socialist economy to a market economy. His account covers the
period from the formation of the Russian reform government in
November 1991 through the autumn of 1994. He discusses the
preconditions of economic reform, the formation of a reform
program, relations with other former Soviet republics,
liberalization, macroeconomic stabilization, and privatization. The
final chapter evaluates the transformation. As a longtime
specialist on the Soviet economy and an economic adviser to the
Russian government during most of this period, slund analyzes the
original intentions of the government, what they were able to
accomplish, and why they fell short. The book's general conclusion
is that the greater the speed, consistency, and determination, the
more impressive the results. The main threat to the reform process
was the resistance from the state enterprise managers, who wanted
to enrich themselves at the expense of the state. The reformers
could only win if they acted swiftly and firmly. According to
slund, the Russian transformation has not been too quick, as many
maintain, but rather too slow.
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