The Russian economy

Ericson, Richard E.

This report surveys the state and structure of the Russian economy at the beginning of the 21st century. The nature of the economic system is characterized in terms of the inherited structural and institutional legacies and the efforts to overcome these since 1991. Despite the vast changes that have occurred during a decade of 'transition', these legacies still stand in the way of developing a well-functioning market economy. The size and structure of the economy is analyzed, together with prospects for further development. The current (Gref) development program of the Putin regime is argued to be promising, if appropriately implemented, but faces domestic political challenge that may derail progress.



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Academic Units
Department of Economics, Columbia University
Department of Economics Discussion Papers, 0102-07
Published Here
March 22, 2011


February 2002