A Normal Country: Russia After Communism
Journal of Economic Perspectives
vol. 19,
no. 1, Winter 2005
(pp. 151-174)
(Complimentary)
Abstract
During the 1990s, Russia underwent an extraordinary transformation from a communist dictatorship to a multi-party democracy, from a centrally planned economy to a market economy, and from a belligerent adversary of the West to a cooperative partner. Yet a consensus in the US circa 2000 viewed Russia as a disastrous and threatening failure, and the 1990s as a decade of catastrophe for its citizens. Analyzing a variety of economic and political data, we demonstrate a large gap between this perception and the facts. In contrast to the common image, by the late 1990s Russia had become a typical middle-income capitalist democracy.Citation
Shleifer, Andrei, and Daniel Treisman. 2005. "A Normal Country: Russia After Communism." Journal of Economic Perspectives, 19 (1): 151-174. DOI: 10.1257/0895330053147949JEL Classification
- O52 Economywide Country Studies: Europe
- P26 Socialist Systems and Transitional Economies: Political Economy; Property Rights
- P27 Socialist Systems and Transitional Economies: Performance and Prospects
- P30 Socialist Institutions and Their Transitions: General
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