Piratization Of Russia, The

Piratization Of Russia, The

by Marshall I. Goldman
     
 

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In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires. These

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Overview

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires. These self-styled oligarchs were accused of using guile, intimidation and occasionally violence to reap these rewards. Marshall I. Goldman argues against the line that the course adopted by President Yeltsin was the only one open to Russia, since an examination of the reform process in Poland shows that a more gradual and imaginative approach worked there with less corruption and a wider share of benefits.

The Piratization of Russia is an accessible, timely and topical volume that is required reading for those with an interest in Russian reform. Its appeal will range from students, academics, economists and politicians to the interested lay-reader keen to understand Russia's problems and learn how they could have been avoided.

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Editorial Reviews

Foreign Affairs
That the privatization of Russia's assets was a colossal heist is not news — especially not to Goldman. He was among the first and staunchest critics of the Yeltsin-Gaidar economic reforms, including the most flagrant misappropriation: the insider-dominated transfer of public property to a small number of "oligarchs." Since then, the debate over Russia's economic path has grown increasingly heated and occasionally personal. Having been on the receiving end of these exchanges, Goldman throws his own punches here. He acknowledges that any plan would have been at least partially defeated by Russia's cultural and communist past but contends that the one chosen only made matters worse, producing new structural deformities that will not be easily corrected. Moreover, he argues, alternatives existed, taking China and Poland as examples. All in all, Goldman provides a clear, freewheeling version of his side of the argument.

Product Details

ISBN-13:
9780415315289
Publisher:
Taylor & Francis
Publication date:
06/13/2005
Pages:
304
Product dimensions:
5.50(w) x 8.50(h) x 0.81(d)
Lexile:
1550L (what's this?)

Meet the Author

Marshall I. Goldman is Davis Professor of Russian Economics, Emeritus at Wellsley College and Associate Director of the Davis Center for Russian and Eurasian Studies, Harvard, USA.

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