03124nam 22005774a 450 991082880040332120240410153501.00-8157-9859-8(CKB)111087027973542(OCoLC)614733617(CaPaEBR)ebrary10026232(SSID)ssj0000193861(PQKBManifestationID)11180314(PQKBTitleCode)TC0000193861(PQKBWorkID)10226666(PQKB)10642904(OCoLC)1132223867(MdBmJHUP)muse73699(Au-PeEL)EBL3004302(CaPaEBR)ebr10026232(MiAaPQ)EBC3004302(EXLCZ)9911108702797354220001205d2001 uy 0engurcn|||||||||txtccrThe logic of economic reform in Russia /Jerry F. Hough1st ed.Washington, D.C. Brookings Institution Pressc20011 online resource (336 p.) Bibliographic Level Mode of Issuance: Monograph0-8157-3754-8 Includes bibliographical references (p. 255-293) and index.Introduction -- Economic reform and the role of government -- Privatization -- Saving and investment -- The debate over economic policy, 1991-93 -- The response of the political system, 1993-96 -- The collapse of the Ponzi game -- Institutions, market reform, and democracy.This book examines the failure of economic reform in Russia since 1991, when Boris Yeltsin proclaimed his commitment to economic stabilization, privatization, and price liberalization. Optimism over Russia#65533;#65533;s market reforms vanished with the crash of August 1998, when the ruble lost over 70 percent of its value and banks defaulted on their debts and forward currency contracts. Contrary to Yeltsin#65533;#65533;s reform promises, the Russian economy of the 1990s more closely resembled a Soviet model than a market-driven one. The Logic of Economic Reform in Russia illuminates the general problems of establishing market economies in settings where the institutional system to support the market has not had decades to develop. Suggesting that corruption may be associated with growth in the early stages of capitalism, Jerry F. Hough argues that the disappointing results of Yeltsin#65533;#65533;s reform efforts were not the product of Russian culture or history, but the logical consequences of rational men responding to the incentive system created by economic reform.PrivatizationRussia (Federation)Russia (Federation)Economic policy1991-Russia (Federation)Economic conditions1991-Russia (Federation)Politics and government1991-Privatization338.947Hough Jerry F.1935-253532MiAaPQMiAaPQMiAaPQBOOK9910828800403321The logic of economic reform in Russia4098719UNINA