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Introduction

In: Energy and Economic Reform in the Former Soviet Union

Author

Listed:
  • Leslie Dienes

    (University of Kansas)

  • Istvan Dobozi

    (World Bank)

  • Marian Radetzki

    (University of Luleå)

Abstract

By the late 1980s the Soviet Union had developed into the world’s largest exporter of energy, and its important role as energy supplier to the rest of the world was seen as continuing into the foreseeable future. This position was dramatically altered in the early 1990s. The profound political and economic change of Soviet society gained speed in 1990 and led to a division of the union into a number of independent republics. Output of energy in the former Soviet Union (FSU) first stalled and then declined sharply, partly in consequence of political disintegration and the incoherence of the initial economic reforms, but also because of more fundamental problems in the energy sector. The oil industry fared worst in the process. Traditionally very high consumption levels of energy were not much reduced, despite a dramatic contraction of GDP after 1989. The result was a drastic shrinkage of the FSU’s energy exports.

Suggested Citation

  • Leslie Dienes & Istvan Dobozi & Marian Radetzki, 1994. "Introduction," Palgrave Macmillan Books, in: Energy and Economic Reform in the Former Soviet Union, chapter 0, pages 15-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37715-8_1
    DOI: 10.1057/9780230377158_1
    as

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