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The russian Economy at the Turning Point

Author

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  • N. Akindinova
  • Y. Kuzminov
  • E. Yasin

Abstract

Over the quarter of the century that has passed since the beginning of the market reforms, Russia managed to gain a more solid stance in the global economy. However, during that time Russia could not completely abandon archaic social forms like those of power-and-submission or “limited access order”, as in D. North’s concept. The article analyzes how these social patterns, replicating themselves, limit the opportunities for the transition to a new stage of economic development - the one that does not predominantly rely on the access to the oil- and-gas or administrative rent, but is based on productivity and efficiency growth.

Suggested Citation

  • N. Akindinova & Y. Kuzminov & E. Yasin, 2014. "The russian Economy at the Turning Point," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 6.
  • Handle: RePEc:nos:voprec:y:2014:id:650
    DOI: 10.32609/0042-8736-2014-6-4-17
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