The Success of Russian Economic Reforms - Softcover

Granville, Brigitte

 
9781899658060: The Success of Russian Economic Reforms
Softcover
ISBN 10: 1899658068 ISBN 13: 9781899658060
Verlag: Royal Institute of International Affairs, 1995

Inhaltsangabe

This work argues that Russia's difficulties in controlling inflation are the result of economic reforms not going far enough, in contrast to the Western view that the reforms themselves are the cause. It concludes that the reform process has led to a genuine market economy, albeit with distortions.

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Reseña del editor

This work argues that Russia's difficulties in controlling inflation are the result of economic reforms not going far enough, in contrast to the Western view that the reforms themselves are the cause. It concludes that the reform process has led to a genuine market economy, albeit with distortions.

Reseña del editor

A comparison of Russia today with an advanced industrial economy would be absurd. The full extent of what has been achieved can only be understood by looking at the economic situation inherited by the Russian reformers following the collapse of the Soviet Union in 1991. In this book, Granville contends that Russia's difficulties in controlling its inflation rate were the result of economic reforms not going far enough. External financing never came and a full macrostabilization program, was not implemented. But the process of economic reform continues. Russia has had to deal with a strongly negative inheritance, but every year parts of the Society legacy are superseded. A Stand-By Agreement was finally signed with the International Monetary Fund, with an inflation target of one to two percent a month by the end of 1995. Whether or not Russia will deliver remains to be seen but such an agreement at least means that the government is committed to a course of economic policies. Undoubtedly this reform process has led to the emergence of a genuine market economy, albeit with distinctive distortions an flaws. This has been, and continues to be, a very Russian success story.

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Verlag
Royal Institute of International Affairs
Erscheinungsdatum
1995
Sprache
Englisch
ISBN 10 
1899658068
ISBN 13 
9781899658060
Einband
Tapa blanda
Anzahl der Seiten
160
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Verantwortliche Person
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