148th mBank-CASE Seminar Proceedings: Russia’s Crony Capitalism: Stagnant But Stable
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ANDERS ÅSLUND
Articles from this author:
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153rd mBank-CASE Seminar Proceedings: Will Ukraine Be Able to Establish Real Property Rights?
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 … 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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153rd mBank-CASE Seminar Proceedings: Will Ukraine Be Able to Establish Real Property Rights?
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 agencies to dominate the corporate economy, enriching themselves with little consideration of legality.
Anders Aslund’s paper discusses the state of the Russian economy and the prospects for reform and growth.