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Russian Retrospectives on Reforms from Yeltsin to Putin

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  • Padma Desai

Abstract

The kamikaze crew of liberal reformers, picked by former President Boris Yeltsin in the early 1990s, succeeded in overturning the planned economy and the authoritarian political arrangements of seven decades of Soviet Communism. However, the resulting breakdown of political cohesion and the urgency of restoring stability prompted Yeltsin to select Vladimir Putin as his successor. The consolidating impetus under Putin, who was elected president in early 2000, has raised concerns about the continuation of economic and political reforms under his leadership. In this essay, nine Russian interviewees look back on the reform issues under Yeltsin and look ahead on the unfolding political economy scenario under Putin. They include three principle economic reformers under Yeltsin, three economic policy analysts, and three banking professionals.

Suggested Citation

  • Padma Desai, 2005. "Russian Retrospectives on Reforms from Yeltsin to Putin," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 87-106, Winter.
    • Handle: RePEc:aea:jecper:v:19:y:2005:i:1:p:87-106
    Note: DOI: 10.1257/0895330053147903
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/0895330053147903
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    References listed on IDEAS

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    1. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1997. "Privatizing Russia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522284, April.
    2. Padma Desai, 2000. "Why Did the Ruble Collapse in August 1998?," American Economic Review, American Economic Association, vol. 90(2), pages 48-52, May.
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    Cited by:

    1. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
    2. Fidrmuc, Jarko & Gundacker, Lidwina, 2017. "Income inequality and oligarchs in Russian regions: A note," European Journal of Political Economy, Elsevier, vol. 50(C), pages 196-207.
    3. El-Shagi, Makram & Fidrmuc, Jarko & Yamarik, Steven, 2020. "Inequality and credit growth in Russian regions," Economic Modelling, Elsevier, vol. 91(C), pages 550-558.
    4. Klaus Mohn, 2010. "Autism in Economics? A Second Opinion," Forum for Social Economics, Springer;The Association for Social Economics, vol. 39(2), pages 191-208, July.
    5. Germá Bel, 2006. "Retrospectives: The Coining of "Privatization" and Germany's National Socialist Party," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 187-194, Summer.
    6. Jarmo Kortelainen & Pertti Rannikko, 2015. "Positionality Switch: Remapping Resource Communities in Russian Borderlands," Economic Geography, Clark University, vol. 91(1), pages 59-82, January.

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