Russia: Crisis, Exit and ... Reform?

Russia: Crisis, Exit and ... Reform?

Examination of Russia's experience of the economic crisis and its future economic prospects reveals evidence that the sharp fall in GDP in 2008-9 was the result of the business world's perceptions of risk, conditioned by institutional weaknesses; it cannot be blamed simply on the fall in o...

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Bibliographic Details
Published in:East European politics Vol. 27; no. 3-4; pp. 456 - 475
Main Author: Hanson, Philip
Format: Journal Article
Language:English
Published: London Taylor & Francis Ltd 01-12-2011
Subjects:
Economic crisis
Economic performance
Economic recovery
Economic reform
GDP
Gross Domestic Product
Institutions
Natural resources
Oil industry
Oil price
Russian Federation
Russia
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Summary:Examination of Russia's experience of the economic crisis and its future economic prospects reveals evidence that the sharp fall in GDP in 2008-9 was the result of the business world's perceptions of risk, conditioned by institutional weaknesses; it cannot be blamed simply on the fall in oil prices. Analysis of sources of growth, and of policy and reform options, indicates that the development of Russian GDP in 2010-20 is likely to be slower than in 1998-2008; radical economic and political reform is unlikely, but partial economic reform may be capable of generating some improvements in performance. [PUBLICATION ABSTRACT]
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:2159-9165
2159-9173
DOI:10.1080/13523279.2011.595156