Only recently, 20 years after transition to a market system, has Russia regained a similar production level it had …, considered by many as the main engine of growth. The explanation may lie in Russia's difficulties and failure to transform the … weakness of Russia. Given the very high 'cost of transition', the question is raised whether the socialist growth strategy (as …

The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia … recovered and partly achieved their pre-1991 levels at the end of the last decade. The paper depicts Russia's reform efforts and … demonstrated. The patrimonial system that persisted for centuries is still observable at the state level. At any rate, Russia can …