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Recovery Growth and Some Peculiarities of the Contemporary Economic Situation in Russia

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  • Egor Gaidar

Abstract

This article shows that after the collapse of the USSR the post-socialist countries all followed a similar path: after the transformation fall in social production they are now in the stage of growth. Moreover, this does not depend on particular circumstances connected with, for example, the absence or presence of exportable resources, government by one party or another or the accession of any particular politician to power. This growth, called recovery growth, by its nature inevitably fades, and in Russia its possibilities are practically exhausted. However, the question is not about driving up the pace of growth, which is dangerous. On the contrary, efforts must be concentrated on preparing and carrying out comprehensive, interconnected structural reforms, which will also ensure steady economic growth in the future. The country, the author says, must learn to develop using not so much instruments of state coercion as private incentives and initiative.

Suggested Citation

  • Egor Gaidar, 2003. "Recovery Growth and Some Peculiarities of the Contemporary Economic Situation in Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 15(3), pages 299-311.
    • Handle: RePEc:taf:pocoec:v:15:y:2003:i:3:p:299-311
    DOI: 10.1080/1463137032000139025
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    1. Rudiger Dornbusch & Sebastian Edwards, 1991. "The Macroeconomics of Populism in Latin America," NBER Books, National Bureau of Economic Research, Inc, number dorn91-1, January.
    2. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," NBER Working Papers 7664, National Bureau of Economic Research, Inc.
    3. Mr. Stanley Fischer & Ms. Ratna Sahay, 2000. "The Transition Economies After Ten Years," IMF Working Papers 2000/030, International Monetary Fund.
    4. Rudiger Dornbusch & Sebastian Edwards, 1991. "The Macroeconomics of Populism," NBER Chapters, in: The Macroeconomics of Populism in Latin America, pages 7-13, National Bureau of Economic Research, Inc.
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    Cited by:

    1. World Bank, 2005. "Russian Federation : From Transition to Development, A Country Economic Memorandum for the Russian Federation," World Bank Publications - Reports 8628, The World Bank Group.
    2. Peter Voigt, 2006. "Russia's Way from Planning Toward Market: A Success Story? A Review of Economic Trajectories, Transition Progress and Putin's Merits," Post-Communist Economies, Taylor & Francis Journals, vol. 18(2), pages 123-138.

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