The paper discusses the strategy of economic development of Russia, which has to be developed after the end of the first stage of post-communist transition – when private economy replaced the state-controlled one and stabilization has been obtained. Russia is considered as a heavy...

The purpose of this study is to analyze the course, determinants and political economy of economic reforms in Russia conducted in the period 1985-2003. The year 1985 can be considered an important turning point in Soviet/Russian history, marked as it was by the election of Mikhail Gorbachev to...

A number of unique anniversaries fell in 2018–2019: 30 years since the collapse of the communist system, 20 years since the start of the Asian economic crisis, 20 years since the introduction of the Euro (the new currency was introduced into noncash circulation on 1 January 1999), and 10 years...

The global crisis, which first emerged in 2007-2008, has remained the major factor determining the socioeconomic development of the world’s leading countries, Russia including. In this case, we view a crisis not as a phase in the cyclical fluctuations between growth and decline (or...

This paper examines the role of institutions in economic growth and the role of the institutions created by the Russian state in particular. The author stresses the finding that growth-supporting institutions vary according to the level of economic development in a country. In a post-industrial...

It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia's performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to...

The world is searching for a new socioeconomic development paradigm, which is sometimes referred to as the “new reality.” Judging by the previous structural crises (in the 1930s and 1970s), this search takes about a decade characterized by volatile economic trends, political crises, and...

The austerity vs stimulus discussion among economists and politicians is gaining momentum. Not surprisingly, both parties are actively appealing to the memory of John Maynard Keynes who, indeed, put forth the idea of economic stimulus but never recommended that it be used on a scale as massive...

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on...