Russian Economic Reforms as Perceived by Western Critics

31 Pages Posted: 25 Oct 2012

See all articles by Vladimir Mau

Vladimir Mau

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: December 31, 1999

Abstract

It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia’s performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to reformers in the post-perestroika period. The paper, criticising in particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass privatisation was influenced more by political necessity than theoretical choice, and also discusses the relation between doctrine and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state, and identifies several of the consequences arising.

Keywords: Russia, economic policies and transformation, political economy of reform and revolution

JEL Classification: P20, P21, P26, P27

Suggested Citation

Mau, Vladimir, Russian Economic Reforms as Perceived by Western Critics (December 31, 1999). BOFIT Discussion Paper No. 12. Available at SSRN: https://ssrn.com/abstract=2166512 or http://dx.doi.org/10.2139/ssrn.2166512

Vladimir Mau (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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

Varnadskogo Avenue,82
Moscow, 119571
Russia

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