Russian Economic Reforms as Seen by an Insider: Success or Failure?

Russian Economic Reforms as Seen by an Insider: Success or Failure?

by Vladimir Mau
     
 

Russia's struggle to build a market economy on the ruins of central planning has been strongly criticized by Western observers. A paper by the World Bank's chief economist, Joseph Stiglitz, entitled "Whither Reform?" contains a set of 'accusations' representative of this trend. Mau uses the arguments contained in Stiglitz's paper to reflect on the Russian

Overview

Russia's struggle to build a market economy on the ruins of central planning has been strongly criticized by Western observers. A paper by the World Bank's chief economist, Joseph Stiglitz, entitled "Whither Reform?" contains a set of 'accusations' representative of this trend. Mau uses the arguments contained in Stiglitz's paper to reflect on the Russian transformation. He shows that most of the criticisms originate from a complete ignorance of the transformation that Russia had to undertake, and argues that this transformation has actually been a revolution.

Product Details

ISBN-13:
9781862031081
Publisher:
Brookings Institution Press
Publication date:
06/28/2000
Pages:
68
Product dimensions:
5.00(w) x 7.75(h) x (d)

Meet the Author

Vladimir Mau is director of the Russian government's Working Centre for Economic Reform and deputy director of the Institute for the Economy in Transition in Moscow.

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