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Bear Traps on Russia's Road to Modernization

By Clifford Gaddy, Barry Ickes
eBook
$63.99
By Clifford Gaddy, Barry Ickes
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Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains...

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