153rd mBank-CASE Seminar Proceedings: Will Ukraine Be Able to Establish Real Property Rights?
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ANDERS ÅSLUND
Articles from this author:
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148th mBank-CASE Seminar Proceedings: Russia’s Crony Capitalism: Stagnant But Stable
The Russian economy is caught in stagnation, but thanks to a skillful macroeconomic policy, the economy has stabilized. The current economic model is dualistic. On the one hand, the so-called systemic liberals are in charge of macroeconomic policy, which they pursue eminently. On the other, President Vladimir Putin allows state corporations, cronies, and law enforcement … Continued
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133rd mBank-CASE Seminar Proceedings: The Polish Transition in a Comparative Perspective
In 1989, Poland stood out as a country in chronic political and economic crisis. It had been ravaged by strikes, economic decline and default since 1976. A popular view both in Poland and abroad was that Poland was incurable. Germans talked about the polnische Wirtschaft (Polish economy), meaning dysfunctional economy, while the Swedes used the term polsk riksdag (Polish Parliament) for political disorder. … Continued
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148th mBank-CASE Seminar Proceedings: Russia’s Crony Capitalism: Stagnant But Stable
Over time, the necessary economic reforms have become so obvious that they have become politically possible in most places. The great problem has become the establishment of real property rights. By and large, Central and Eastern Europe have managed to accomplish that not least thanks to support from the European Union. In the former Soviet Union, however, only Georgia succeeded in that endeavor. The big question today is whether Ukraine will manage to do so, or whether it will be caught in a low-economic-growth trap. The three main elements that are needed are independent courts, autonomous prosecutors, and a law-abiding law enforcement, while no old secret police structures should be allowed to sabotage them.