Synopses & Reviews
andlt;Pandgt;Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth.Written by a team of researchers from the Center for Economic and Financial Research--a Moscow-based independent think tank--the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital--through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.andlt;/Pandgt;
Review
"This is a truly outstanding analysis of the economic situation in Russia after ten years of transition. It takes up all the important questions: Is the recent revival of growth due to the devaluation of the ruble and higher oil prices, or is it a sign that structural reforms and the coming of Putin are starting to pay off? How have economic and political dynamics changed since the early 1990s? What are the short-run obstacles to sustained growth? What are the most urgent structural reforms? What would happen if Russia joined the WTO? Based on a careful examination of the facts and an impressive body of research, this book make much progress in giving the answers. I have learned a lot."--Olivier Blanchard, Professor of Economics, MITPlease note: Endorser gives permission to excerpt from quote.
Review
"A marvellous essay on how technology, education, and management all combine to shape and change the world we live in. The style is superb, the insights many, the propositions challenging. One hundred pages of pure intellectual fun."--Olivier Blanchard, Professor of Economics, MIT The MIT Press
Review
"An encyclopedic, integrated, and thoroughly modern presentation of labor economics, from supply and demand decisions to unemployment to the role and effects of institutions. Topics with which I am familiar have been given a clear, concise, precise, balanced, and convincing treatment. This is an outstanding textbook."--Olivier Blanchard, Professor of Economics, MIT The MIT Press
Review
"A beautiful and elegant book. A well argued and convincing thesis: That, after centuries of dream chasing, pragmatism has come to Latin America. One passionately hopes that it will not go away."--Olivier Blanchard, Professor of Economics, MIT The MIT Press
Review
"Growth comes with reallocation. Reallocation comes with job creation and job destruction. Job creation and job destruction come with unemployment. The crucial challenge is to make sure that, in the process, workers suffer as little as possible. Going beyond the usual cliches, and reviewing the large body of evidence on the effects of unemployment insurance, employment protection, and the minimum wage, Cahuc and Zylberberg tell us how to and how not to do it. Read this book and you will learn."--Olivier Blanchard, Professor of Economics, MIT
Review
andlt;Pandgt;"An encyclopedic, integrated, and thoroughly modern presentation of labor economics, from supply and demand decisions to unemployment to the role and effects of institutions. Topics with which I am familiar have been given a clear, concise, precise, balanced, and convincing treatment. This is an outstanding textbook."--Olivier Blanchard, Professor of Economics, MITandlt;/Pandgt; The MIT Press
Review
andlt;Pandgt;"A marvellous essay on how technology, education, and management all combine to shape and change the world we live in. The style is superb, the insights many, the propositions challenging. One hundred pages of pure intellectual fun."--Olivier Blanchard, Professor of Economics, MITandlt;/Pandgt; The MIT Press The MIT Press
Review
andlt;Pandgt;"A beautiful and elegant book. A well argued and convincing thesis: That, after centuries of dream chasing, pragmatism has come to Latin America. One passionately hopes that it will not go away."--Olivier Blanchard, Professor of Economics, MITandlt;/Pandgt; The MIT Press
Synopsis
Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth.Written by a team of researchers from the Center for Economic and Financial Research--a Moscow-based independent think tank--the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital--through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.
Synopsis
An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data.
Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth.
Written by a team of researchers from the Center for Economic and Financial Research -- a Moscow-based independent think tank -- the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital -- through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.
Synopsis
An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data.
Synopsis
Includes bibliographical references (p. [155]-162) and index.
Synopsis
Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth.
Synopsis
andlt;Pandgt;An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data.andlt;/Pandgt;
About the Author
Erik Berglöf is Director of the Stockholm Institute of Transition Economies and Eastern European Economies at the Stockholm School of Economics and President of the Center for Economic and Financial Research (CEFIR).Andrei Kunov is a doctoral candidate in political science and international political economy at Stanford University and Senior Economist at CEFIR.Julia Shvets is a doctoral candidate in economics at the London School of Economics and Political Science, a researcher at the Centre for Economic Performance, and Senior Economist at CEFIR.