- Consulting Editors
- Modernization and the Russian Economy: Three Hundred Years of Catching Up
- Command Economy and its Legacy
- Russia’s Economic Transformation
- Transformational Recession
- Growth Trends in Russia After 1998
- Institutional Performance
- Corporate Governance in Russia
- The Russian Tax System
- The Unofficial Economy in Russia
- Russian Corruption
- Russia’s Dependence on Resources
- The Russian Oil Sector
- The Russian Natural Gas Sector
- The Russian Electricity Market: Variants of Development
- The Economics of Mineral Resources
- The Challenge of Reforming Environmental Regulation in Russia
- Economics of the Military-Industrial Complex
- Science, High-Tech Industries, and Innovation
- Blame the Switchman? Russian Railways Restructuring After Ten Years
- Russian Agriculture and Transition
- Russian Banking as an Active Volcano
- Financial and Credit Markets
- Russian Trade and Foreign Direct Investment Policy at the Crossroads
- Economic Geography of Russia
- Russian Fiscal Federalism: Impact of Political and Fiscal (De)centralization
- Regional Challenges: the Case of Siberia
- Labor Market Adjustment: is Russia Different?
- Higher Education Reform and Access to College in Russia
- Russia’s Health Care System: Difficult Path of Reform
- Poverty and Inequality in Russia
- Recent Demographic Developments in the Russian Federation
Abstract and Keywords
The nature, structure, and functioning of the contemporary Russian market economy has been substantially influenced by the legacies of its predecessor, the Soviet command economy.This chapter outlines the key defining characteristics of that prior economic system and how they influenced its functioning and performance.These characteristics determined a structure of production and interaction;a critical mass of economic, political, and social institutions;and patterns ofbehavior and understanding of economic and social processes that maintained a politically effective (if economically inefficient) system.That system was destroyed by the radical reforms of the 1980s and 1990s, yet it bequeathed many structures, institutions, and behaviors that remain, in varying degrees, as legacies of the prior economic system.Their impact lingers in the structural problems faced by the Russian economy and in the policies pursued by political leadership.Understanding these legacies is important to understanding the nature and path of development of the current Russian market economy.
Richard E. Ericson is a Professor and Chair of the Economics Department at East Carolina University, and former Director of the Harriman Institute at Columbia University. His research interests include game theory, decision theory, and the development of post-Soviet economies. Stephen Fortescue is an Associate Professor of Russian Politics at the University of New South Wales in Australia. His research interests include business-government relations, the mining and metals industry, and the policy-making process in contemporary Russia.
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