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date: 15 May 2021

Abstract and Keywords

From the turn of eighteenth century, Russian economic development has been determined by catching-up approach with the Western countries. This task was central for all Russian administrations since Peter I up to the most recent time—and this is the key question for the analysis of Russian economic performance. The chapter discusses challenges and specific features of Russian economic development as catching-up modernization and provides an overview of the main stages of Russian economic history from eighteenth century. The main emphasis is on the period from the end of nineteenth through the end of the twentieth century. It was a time of wars and revolutions, industrialization, and an emerging centrally planned (communist) economy. Soviet communist economy is under special consideration—its characteristics, internal contradiction, attempts at amelioration, crisis, and collapse at the end of the twentieth century.

Keywords: catching-up modernization, economic reform, planned economy, transition, Russian economic history

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