'New Privatization Policy': Risks, Stakeholder Groups, Constraints, Potential Innovations
Russian Economy in 2011: Trends and Outlooks
16 Pages Posted: 26 Jul 2012 Last revised: 3 Feb 2014
Date Written: July 26, 2012
The worldwide downturn that hit economies at the end of the first decade of 21st century, has led to a series of socio-economic changes whose effect in terms of radicality requires quite a long time to comprehend. Even today, however, it is quite obvious that both leading market institutions of the western world, namely the US institution based on the principles of free market competition, and the European institution governed by socially oriented principles, have failed to offer adequate countermeasures at the initial phase of the crisis, when the first signs thereof emerged. However, it is only the nations with more powerful influence on their economy that have managed to counteract the developments leading to financial and economic collapse. And Russia belongs to this nations, with some reservations though. However, the effect of a large-scale government intervention in the economy, which is positive amid crisis, may often become adverse at the stage of stable, long-term economic growth.
Keywords: privatization, stakeholder groups, denationalization
JEL Classification: H82
Suggested Citation: Suggested Citation