Transition without Transformation: Russia's lnvolutionary Road to Capitalism
Transition without Transformation: Russia's lnvolutionary Road to Capitalism
Author(s): Michael BurawoySubject(s): National Economy, Political history, Economic policy, Government/Political systems, Political economy, Economic development, Transformation Period (1990 - 2010)
Published by: SAGE Publications Ltd
Keywords: Collapse of Soviet Union; Soviet transition; transition from socialism to capitalism; economic reforms; capitalist economy; economic development;
Summary/Abstract: The messianic reformers of the Soviet transition, whether western or Russian, considered the socialist economy so moribund, so inefficient, and so obsolete that it was an article of faith that markets could only bring economic improvement. But conditions have only grown worse, much worse. Over the last 10 years Russia's gross domestic product (GDP) has fallen by more than half; living standards for most have plummeted along with increased material insecurity; and the population continues to shrink with a falling birth rate and declining life expectancy. The decade of market reform has been a decade of unprecedented economic decline. [...]
Journal: East European Politics and Societies
- Issue Year: 15/2001
- Issue No: 02
- Page Range: 269-290
- Page Count: 22
- Language: English
- Content File-PDF