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TRANSITION AND STABILIZATION IN RUSSIA A look back on three difficult years
| Content Provider | Semantic Scholar |
|---|---|
| Author | Sapir, J. David |
| Copyright Year | 2008 |
| Abstract | The question of how to stabilize the Russian economy has dominated economic and political debates these last two years. It is certainly still one of the most important point on the aggenda for all different political forces in Russia. In spite of some fluctuations the very policy launched early 1992 by Yegor T. Gaïdar, under the influence of different western advisers, still predominates. Frequently described by its opponents as a "monetarist" policy, the stabilization strategy used till now belongs to what is called in economist slang "heterodox stabilization" even if in its implementation the heterodox side has been less than apparent. There is probably no hotter or no more important discussion than why this strategy gave so bad a result, and what could be done to achieve stabilization. No alternative program could be drawn without an assessment of what has been done, and what were assumptions, shared both by western advisers and Russian reformers, on which this strategy was grounded. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://cemi.ehess.fr/docannexe/file/2744/sapir1994.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
