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Comparative Oligarchy: Russia, Ukraine and the United States

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  • Anders Aslund

Abstract

The incidence of oligarchs is one of the most significant political problems after communism. An appropriate policy towards them has become a pressing issue for both Russia and Ukraine and addressing this matter will greatly influence the future economic systems of these countries. The paper examines the nature of oligarchs and the reasons for their emergence. Similarities with the great new businessmen in America of the 1850s, the so called "robber barons", are drawn. The paper also discusses common reactions to oligarchs and the ways to treat the oligarch problem. Finally, it reviews a number of policy and political options; and promotes making oligarchs pay a compensation for benefits they have enjoyed, in return guaranteeing them their property rights.

Suggested Citation

  • Anders Aslund, 2005. "Comparative Oligarchy: Russia, Ukraine and the United States," CASE Network Studies and Analyses 0296, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0296
    as

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    File URL: https://case-research.eu/upload/publikacja_plik/4931074_SA%20296last.pdf
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    References listed on IDEAS

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    1. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
    2. Boycko, Maxim & Shleifer, Andrei & Vishny, Robert W., 1997. "Privatizing Russia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522284, December.
    3. Gene M. Grossman (ed.), 1996. "Economic Growth," Books, Edward Elgar Publishing, volume 0, number 553, March.
    4. Yuri I. Yekhanurov, 2000. "The Progress of Privatization," Eastern European Economics, Taylor & Francis Journals, vol. 38(1), pages 71-93, February.
    5. Mau, Vladimir & Starodubrovskaia, Irina, 2001. "The Challenge of Revolution: Contemporary Russia in Historical Perspective," OUP Catalogue, Oxford University Press, number 9780199241507.
    6. World Bank, 2004. "World Development Indicators 2004," World Bank Publications - Books, The World Bank Group, number 13890.
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    Cited by:

    1. Libman, Alexander, 2006. "Zum Spannungsfeld zwischen staatlicher und privater Wirtschaft am Beispiel der postsowjetischen Staaten [On the interaction of public and private businesses: Example of the post-Soviet space]," MPRA Paper 10941, University Library of Munich, Germany.
    2. Olga Victorovna Degtiareva, 0. "Flash Mob as a Protest Technology in the Political Movement (On the Example of Ukraine)," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 11.
    3. Alexander Libman, 2006. "Government-Business Relations and Catching Up Reforms in the CIS," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 263-288, December.
    4. Gorodnichenko, Yuriy & Grygorenko, Yegor, 2008. "Are oligarchs productive? Theory and evidence," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 17-42, March.
    5. VASYECHKO Olga, 2021. "A Triad of Driving Forces Behind FDI Patterns," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    6. Libman, Alexander, 2006. "Different paths of the second transition in the post-Soviet world: a political-economic analysis," MPRA Paper 11781, University Library of Munich, Germany.

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