Russias Post-Communist Economy

Paperback | August 15, 2001

EditorBrigitte Granville, Peter Oppenheimer

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This volume offers a multi-author survey and analysis of economic developments in the Russian Federation since the collapse of Communism and the break-up of the Soviet Union in 1989--91. It covers the period 1991--98 and in some areas extends to 1999-2000.Russia, the core of the former Soviet Union, is at once the largest transition economy of Eastern Europe and also, arguably, the one most burdened by its own past---not only of Communism, but of Tsarist absolutism and territorial aggrandizement in earlier centuries. Its present-day assets ofnatural-resource wealth and a well-educated labour force are offset by hypertrophied defence industries, unhelpful location of manufacturing capacity, and excessive preponderance of large enterprises.Russia has shared with other transition economies the problems of macro-economic stabilization and reconstruction of economic institutions following the disappearance of the command-administrative system which set guidelines for production under Communism. Economic progress has been held back bymisappropriation of business funds and massive associated export of capital to western financial markets. Stabilization and welfare services alike have been handicapped by the difficulty of raising adequate tax revenue---or alternatively of cutting public expenditure commitments sufficiently.Arrears and offset arrangements have proliferated, providing disorderly sources of flexibility in the face of immobile resources and inadequate financial mechanisms, including total failure hitherto to establish a viable commercial banking system.In the consumer sector, income distribution has become (as in other transition economies) markedly more unequal, with regional disparities playing a significant role. State assistance to the worse off has been patchy at best. Mortality and morbidity statistics have deteriorated. But, at the sametime, living standards have been supported by continuing non-payment of housing costs and subsidization of household utilities, and have benefitted from external economic liberalization, which has given households access to foreign consumption goods and to dollar bills as a key savings medium andliquidity reserve. Altogether, average living standards have changed little in Russia's first post-Communist decade, despite the massive drop in industrial production and consequential underutilization of capacity. These and other features of Russia's economy are explained by an international teamof expert authors in the most comprehensive and objective overview of the subject to date.

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This volume offers a multi-author survey and analysis of economic developments in the Russian Federation since the collapse of Communism and the break-up of the Soviet Union in 1989--91. It covers the period 1991--98 and in some areas extends to 1999-2000.Russia, the core of the former Soviet Union, is at once the largest transition ec...

Brigitte Granville is Head of the International Economics Programme, The Royal Institute of International Affairs, London, and Director of CAIS, Moscow. Peter Oppenheimer is Fellow of Christ Church, University of Oxford, where he was previously Tutor in Economics. Since April 2000 he has been President of the Oxford Centre for Hebrew ...

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Format:PaperbackDimensions:570 pages, 8.5 × 5.43 × 1.22 inPublished:August 15, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198295251

ISBN - 13:9780198295259

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Table of Contents

1. Brigitte Granville and Peter Oppenheimer: Introduction2. Christopher Granville: The Political and Societal Environment of Economic Policy3. Barry Ickes: Dimensions of Transition4. Brigitte Granville: The Problem of Monetary Stablization5. Clemens Grafe and Kaspar Richter: Taxation and Public Expenditure6. John Earle and Saul Estrin: Privatization and the Structure of Enterprise Ownership7. Michael Dimitrieff, Mikhail Matovnikov, Leonid Mikhailov, and Ludmila Sycheva: The Banking Sector8. Dirk Willer: Financial Markets9. Andrei Lushin and Peter Oppenheimer: External Trade and Payments10. Nat Moser and Peter Oppenheimer: The Oil Industry: Structural Transformation and Corporate Governance11. Simon Commander and Andrei Tolstopiatenko: The Labour Market12. Anders Aslund: The Development of Small Enterprises13. Carole Scott Leonard and Evgenia Serova: The Reform of Agriculture14. Irina Starodubrovskaya: Housing and Utility Services15. Philip Hanson: Regional Income Differences16. Jeni Klugman and Sheila Marnie: Poverty17. Christopher Davis: The Health Sector: Illness, Medical Care, and Mortality