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Russian Economic Reforms as Perceived by Western Critics

Author

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  • Vladimir Mau

    (Gaidar Institute for Economic Policy)

Abstract

It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia’s performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to reformers in the post-perestroika period. The paper, criticising in particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass privatisation was influenced more by political necessity than theoretical choice, and also discusses the relation between doctrine and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state, and identifies several of the consequences arising.

Suggested Citation

  • Vladimir Mau, 1999. "Russian Economic Reforms as Perceived by Western Critics," Published Papers 112, Gaidar Institute for Economic Policy, revised 2012.
    • Handle: RePEc:gai:ppaper:112
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/112Mau.pdf
    File Function: Revised version, 2012
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    Cited by:

    1. repec:zbw:bofitp:2000_008 is not listed on IDEAS
    2. Laurila, Juhani & Singh, Rupinder, 2000. "Sequential reform strategy : The case of Azerbaijan," BOFIT Discussion Papers 8/2000, Bank of Finland, Institute for Economies in Transition.

    More about this item

    Keywords

    Russian economy; global crisis; economic crisis;
    All these keywords.

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects

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