A Foreign Affairs Best Book of the Year on Eastern Europe and the Former Soviet UnionThe Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, provid
For a decade Russia has been dismantling communism and building capitalism. Describing a deeply flawed fledgling market economy, Capitalism Russian-Style provides a progress report on one of the most important economic experiments going on in the world today. It describes Russian achievements in building private banks and companies, stock exchanges, new laws and law courts. It analyzes the role of the mafia, the rise of new financial empires, entrepreneurs and business tycoons, and the shrinking Russian state. Thane Gustafson tells how the Soviet system was dismantled and the new market society was born. He argues that this new society is changing constantly, so that any assessment of success and failure would be premature. Identifying investment as vital to preserving Russia's status as a major industrial power, in his final chapter he examines the prospects for an economic miracle in Russia in the twenty-first century.
For a decade Russia has been dismantling communism and building capitalism. Describing a deeply flawed fledgling market economy, Capitalism Russian-Style provides a progress report on one of the most important economic experiments going on in the world today. It describes Russian achievements in building private banks and companies, stock exchanges, new laws and law courts. It analyzes the role of the mafia, the rise of new financial empires, entrepreneurs and business tycoons, and the shrinking Russian state. Thane Gustafson tells how the Soviet system was dismantled and the new market society was born. He argues that this new society is changing constantly, so that any assessment of success and failure would be premature. Identifying investment as vital to preserving Russia's status as a major industrial power, in his final chapter he examines the prospects for an economic miracle in Russia in the twenty-first century.
This book examines the record of the Brezhnev regime in its only major domestic innovation: the attempt to modernise Soviet agriculture. Under Brezhnev, the Soviets have invested more than half a trillion dollars in the countryside, but the Kremlin has remarkably little to show for the effort. The reason for the poor return, Gustafson argues is that it is fundamentally flawed because it has been conducted along traditional Soviet lines. For all its innovative features the agricultural programme resembles nothing so much as the Stalinist industrialising campaigns of the fifties. The Soviets cannot afford another such 'reform'. Consequently the agricultural programme cannot stand as a model for meeting the complex problems the Soviets will have to deal with in the next twenty years. Gustafson asserts that whatever solution they devise will depend on whether the Soviet political elite can develop resources and instruments of power more appropriate to the needs of a mature industrial
The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send
2010: Russia disintegrates as its frontier regions rebel or drift into the orbit of neighboring countries. 2010: Russia is invigorated by an economic chudo -- "miracle" -- that turns
