The Long Road to Normalcy: Where Russia Now Stands
New Economic School (NES)
UNU-WIDER Working Paper No. 2010/13
The goal of this study is to reveal the long-term trajectory of Russian economic development and to make predictions for the future. The study starts with a much discussed question: why Russia did worse economically during transition than most other countries in Europe and Asia? It is argued that it was partly caused by objective circumstances before transition (distortions in industrial structure and in trade patterns accumulated during the era of central planning), but mostly by the weakening of the institutional capacity of the state during transition.
Number of Pages in PDF File: 31Accepted Paper Series
Date posted: April 20, 2011
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