Formation of the Common Economic Space (CES) of Russia, Belarus, and Kazakhstan is the most ambitious integration project within the Commonwealth of Independent States. This article reviews the functional, political, and economic factors that will determine the success of this project. It is...

The author argues that during Russia's new industrialization, it would be a mistake to relay on foreign investments. Instead, the domestic accumulation fund must be increased as much as possible.

This work examines the present state of Russia's production assets and assesses the accumulation required to bring Russia's production assets into line with objectives for modernization of the domestic economy.

This article examines the implementation of monetary policy in Russia in the context of significant revenues from commodity exports. It argues that a strong balance of payments forces the Central Bank to choose between an appreciating ruble and inflation. The Russian government has at its...

The author argues that the systematic underestimation of federal revenues artificially increases the budget deficit, leading to excessive borrowing and a growing national debt—even as the state takes in more than it spends. Taking on more debt at a time when contributions are being made to the...

This article investigates the hypothesis that exchange-rate risk may have an effect on exports for a set of transition countries, namely, Belarus, Kazakhstan, Russia, and Ukraine. To assess this effect, although a two-step estimation approach has earned an extensive empirical record in the...

The author examines the movement of international capital to transition economies and offers an aggregate comparison of two groups of countries from the standpoint of current questions surrounding international capital flows between developed and emerging economies.

This article examines Russia's short- and long-term fiscal sustainability and identifies risk factors. The advantages and disadvantages of the new fiscal rules are examined from the perspective of long-term forecasts of Russia's socioeconomic development. The new rules are compared to those...

The author argues that an active national industrial policy is essential to the diversification and modernization of the Russian economy. He explains what such a policy entails, considers principles and criteria for choosing priority areas of technological development, and suggests several such...

The author criticizes plans for the privatization of state corporations and argues that it is urgently necessary to move from a "right-liberal" to a "left-liberal" economic policy.