'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

See all articles by Alexander Radygin

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Yuri Simachev

National Research University - Higher School of Economics; Russian Presidential Academy of National Economy and Public Administration

Date Written: July 26, 2012

Abstract

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

Radygin, Alexander and Simachev, Yuri, 'New Privatization Policy': Risks, Stakeholder Groups, Constraints, Potential Innovations (July 26, 2012). Russian Economy in 2011: Trends and Outlooks, Available at SSRN: https://ssrn.com/abstract=2117837

Alexander Radygin (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

Yuri Simachev

National Research University - Higher School of Economics ( email )

Myasnitskaya street, 20
Moscow, Moscow 119017
Russia
+7 985 764 6865 (Phone)

HOME PAGE: http://https://www.hse.ru/en/org/persons/4579329

Russian Presidential Academy of National Economy and Public Administration ( email )

Varnadskogo Avenue,82
Moscow, 119571
Russia

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