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In From the Cold - The Rise of Russian Capitalism (Hardcover)
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In From the Cold - The Rise of Russian Capitalism (Hardcover)
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Since the collapse of the Soviet Union in 1991, Russia has made
enormous strides toward creating a free market. In just over twenty
years, the country's economy has been completely transformed.
Today, most Russian companies have been privatized and the country
has developed fully functioning capital markets. Indeed, over the
course of the past two decades, the Russian equity market has, on
more than one occasion, been the world's best-performing stock
market. While the country and its leadership continue to face great
structural hurdles that must be overcome, recent progress has been
nothing short of remarkable. This book brings together some of the
world's most successful Russia-dedicated portfolio managers,
economists and market participants to share their personal
experiences in this dynamic market. Each of these professionals has
a long-term relationship with Russia and has lived as well as
worked in Russia: they have many years of experience in the
country's financial markets. Indeed, many of the contributors to
this book have been active in Russia since the very inception of
the market and each is uniquely qualified to offer a personal and
authoritative account of Russia's journey toward capitalism. The
book is divided into two parts, one giving a more general overview
of the market's development and the other focusing on the personal
experiences of Russia's capitalist pioneers. Each chapter offers a
clear historical description of principal developments, while the
personal touch enhances the reader's understanding of how market
forces developed, how obstacles were overcome, and how so many
market participants have been able to reap great rewards in one of
the world's most dynamic emerging markets. The contributors also
discuss the road ahead, examining both the positive and the
negative factors that will affect the Russian economy in the years
ahead.
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