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Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed

Author

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  • Anders Aslund

    (Peterson Institute for International Economics)

Abstract

The Russian revolution, collapse of the Soviet Union, and Russia's ensuing transformation belong to the greatest dramas of our time. Revolutions are usually messy and emotional affairs, challenging much of the conventional wisdom, and Russia's experience is no exception. This book focuses on the transformation from Soviet Russia to Russia as a market economy, and explores why the country has failed to transform into a democracy. It examines the period from 1985, when Mikhail Gorbachev became the Soviet Union's Secretary General of the Communist Party, to the present Russia of Vladimir Putin. Aslund provides a broad overview of Russia's economic change, highlighting the most important issues and their subsequent resolutions, including Russia's inability to sort out the ruble zone during its revolution, several failed coups, and the financial crash of August 1998.

Suggested Citation

  • Anders Aslund, 2007. "Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4099, April.
    • Handle: RePEc:iie:ppress:4099
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    Citations

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    Cited by:

    1. Laszlo Csaba, 2011. "Financial institutions in transition: the long view," Post-Communist Economies, Taylor & Francis Journals, vol. 23(1), pages 1-13.
    2. Jin, Olivia & Pyle, William, 2023. "Labor market hardships and preferences for public sector employment and employers: Evidence from Russia," Journal of Comparative Economics, Elsevier, vol. 51(2), pages 577-591.
    3. Carson, Matthew., 2010. "Guiding structural change : the role of government in development," ILO Working Papers 994550973402676, International Labour Organization.
    4. Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 403-450, December.
    5. Laura E. Grube, 2015. "The role of culture in the persistence of traditional leadership: evidence from KwaZulu Natal, South Africa," Chapters, in: Laura E. Grube & Virgil Henry Storr (ed.), Culture and Economic Action, chapter 17, pages 375-397, Edward Elgar Publishing.
    6. Alexei Karas & William Pyle & Koen Schoors, 2015. "A "de Soto Effect" in Industry? Evidence from the Russian Federation," Journal of Law and Economics, University of Chicago Press, vol. 58(2), pages 451-480.
    7. Wandel, Jürgen, 2011. "Integrierte Strukturen im Agrar- und Ernährungssektor Russlands: Entstehungsgründe, Funktionsweise, Entwicklungsperspektiven und volkswirtschaftliche Auswirkungen. Band I und II," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 63, number 63.
    8. Yuka S. Minagawa, 2018. "Changing Life Expectancy and Health Expectancy Among Russian Adults: Results from the Past 20 Years," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 37(5), pages 851-869, October.
    9. Marianne Afanassieva, 2015. "Survival Through Networks: The 'grip' of the administrative links in the Russian post-Soviet context," Public Management Review, Taylor & Francis Journals, vol. 17(9), pages 1261-1281, October.
    10. David Epshtein & Konstantin Hahlbrock & Jürgen Wandel, 2013. "Why are agroholdings so pervasive in Russia's Belgorod oblast '? Evidence from case studies and farm-level data," Post-Communist Economies, Taylor & Francis Journals, vol. 25(1), pages 59-81, March.
    11. Shozo Sakata, 2020. "Has Nguyen Phu Trong's Leadership Curbed Economic Reform? Economic Reform Trends in Vietnam," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 305-322, July.
    12. repec:ilo:ilowps:455097 is not listed on IDEAS

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