"This book examines how Russia and Kazakhstan navigated the dilemmas associated with building regulatory state institutions on the ruins of the Soviet command and control system. The two nations developed predatory and wasteful crony capitalism but still improved their business climates and...

Should state regulatory involvement in the economy necessarily generate corruption? While excessive regulatory burden is often treated as a cause of corruption, this paper argues otherwise. It distinguishes regulatory policy, or de jure regulatory regimes from regulatory implementation and...