IDEAS home Printed from https://ideas.repec.org/a/ura/ecregj/v1y2016i2p325-341.html
   My bibliography  Save this article

Sharp Turn to the Market. Economic Reform in Russia (1992–1998) and Its Consequences

Author

Listed:
  • Aleksandr Tatarkin

    (Institute of Economics, Russian Academy of Sciences - Ural Branch)

  • Vladimir Bersenyov

Abstract

The generalization and systematisation of the literature on the history of reforms accumulated for twenty years allow to organise the ideas of the transformations processes and to set a new vector of understanding the socio-economic development of Russia in the last decade of the 20th century — the first decades of 21st century. The first step is the analysis of the publications reflecting the preparation, a course and results of a modern economic reform in the 1990th. The historiographical review includes the monographs written by both apologists of «shock therapy», and their opponents and critics, first of all by Academicians of the Russian Academy of Sciences. This literature analysis reveals the range of opinions concerning the preference of a «shock» variant of transformations, the assessment of the results of the reform by the end of the 1990th and the possibilities of the alternative ways of transition from the planned to the market economy. In particular, the apologists of «shock therapy» refer to the threat of hunger and civil war to justify the decisions, which have caused the decline in production, a hyperinflation and other negative tendencies. Their critics note that a lack of the support of the population has caused a failure of market transformations. While recognizing the obvious, that is an essential deterioration of economic indicators, the apologists see their success in the development of a system of market institutions and consequently, insist that there was no alternative to the realized reform. In turn, their opponents believe that there were the alternatives of «shock therapy», and the gradual cultivation of the institutions of the market economy would be their distinctive feature, but not their introduction by the administrative order.

Suggested Citation

  • Aleksandr Tatarkin & Vladimir Bersenyov, 2016. "Sharp Turn to the Market. Economic Reform in Russia (1992–1998) and Its Consequences," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 325-341.
  • Handle: RePEc:ura:ecregj:v:1:y:2016:i:2:p:325-341
    as

    Download full text from publisher

    File URL: http://economyofregion.ru/Data/Issues/ER2016/June_2016/ERJune2016_325_341.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vladimir Bersenyov, 2017. "The Processes of Denationalization and Privatization in Russia in the 1990s. Part 1," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 342-354.
    2. Vladimir Bersenyov, 2017. "The Processes of Denationalization and Privatization in Russia in the 1990s. Part 2," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 708-715.
    3. R. R. Galiev & H. D. Ahrens, 2018. "Part-Time Farmers in Russia: Phenomenon and Social Functions Based on the Example of the Republic of Bashkortostan," Studies on Russian Economic Development, Springer, vol. 29(3), pages 257-266, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ura:ecregj:v:1:y:2016:i:2:p:325-341. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Naydenov (email available below). General contact details of provider: http://www.economyofregion.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.