LEADER 03124nam 22005774a 450 001 9910828800403321 005 20240410153501.0 010 $a0-8157-9859-8 035 $a(CKB)111087027973542 035 $a(OCoLC)614733617 035 $a(CaPaEBR)ebrary10026232 035 $a(SSID)ssj0000193861 035 $a(PQKBManifestationID)11180314 035 $a(PQKBTitleCode)TC0000193861 035 $a(PQKBWorkID)10226666 035 $a(PQKB)10642904 035 $a(OCoLC)1132223867 035 $a(MdBmJHUP)muse73699 035 $a(Au-PeEL)EBL3004302 035 $a(CaPaEBR)ebr10026232 035 $a(MiAaPQ)EBC3004302 035 $a(EXLCZ)99111087027973542 100 $a20001205d2001 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe logic of economic reform in Russia /$fJerry F. Hough 205 $a1st ed. 210 $aWashington, D.C. $cBrookings Institution Press$dc2001 215 $a1 online resource (336 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-8157-3754-8 320 $aIncludes bibliographical references (p. 255-293) and index. 327 $aIntroduction -- 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. 330 $aThis 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. 606 $aPrivatization$zRussia (Federation) 607 $aRussia (Federation)$xEconomic policy$y1991- 607 $aRussia (Federation)$xEconomic conditions$y1991- 607 $aRussia (Federation)$xPolitics and government$y1991- 615 0$aPrivatization 676 $a338.947 700 $aHough$b Jerry F.$f1935-$0253532 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910828800403321 996 $aThe logic of economic reform in Russia$94098719 997 $aUNINA