<p>Praise for the author's previous publications, also published by Routledge.</p><p>The New Russia: a Handbook of Economic and Political Developments, (Routledge, 2002)</p><p>'...<strong>a valuable source of detailed information and, above all, for Western views of Russia'</strong>, Economic Journal, 2003</p><p>A Guide to the Socialist Economies (1990).</p><p><strong>`Jeffries has produced a useful reference guide that will doubtless become a standard in the field and a valuable addition to academic libraries'</strong> - Journal of Comparative Economics, 1991.</p><p><strong>'... a very welcome addition to the library of publications on the socialist world ... more than a textbook - it is also a reference book and a guide ... Jeffries covers a vast area. It is a truly formidable task to catch up with all the changes that are taking place in these countries, and the author does it with great success', </strong>International Affairs, 1990. </p><p><em>The Balkans: a Post-Communist History</em> (Routledge, 2007) </p><p><strong>'an extremely useful and handy introduction to a complicated but fascinating and important subject. The book provides a wealth of easily digestible information on the post-communist period, but in addition to that it provides a full historical introduction to each state it deals with.' </strong>- Richard Crampton, University of Oxford</p><p><strong>'...a lucid account of the development of a region which for over a century has produced more history than could be consumed locally. Simple without being simplistic, analytical yet not overbearing, enlightening but not scholastic, it is a must read for scholars and laymen alike.'</strong> - Petya Nitzova, University of Oklahoma</p><p><strong>'a highly ambitious work … that covers nine countries, about a dozen different ethnicities, several civil wars and a time period of roughly two millennia … We may be sure that Bideleux and Jeffries have not said the last word on this troubled corner of the world’</strong> Susanne Hillman, University of California San Diego, in Australian Slavonic and East European Review, 2007. </p>
This book provides a comprehensive overview of Russia’s difficult economic transition from a command economy since the early 1990s. It covers the financial crisis of August 1998 and the global financial crisis a decade later. Key subjects covered include economic transition, privatization and liberalization; changes in land ownership and agriculture; energy; foreign direct investment; economic stabilization; and economic performance. Russia is well endowed with raw materials, especially oil and natural gas; this book argues that in some ways this has not helped Russia’s attempts to become a more diversified and high-tech economy.
Overall, the book demonstrates how much the Russian economy has changed in the period. It continues - and adds to – the overview of developments in the author’s The New Russia (2002), and is the companion volume to Political Developments in Contemporary Russia (2011) - both published by Routledge.
Introduction and summary 1. Economic Transition 2. Liberalization: The 'virtual economy'; the enrichment of the minority (oligarchs); crime and corruption; the 1999 McKinsey Global Institute report; price liberalization; foreign trade (including liberalization, capital flight and the WTO). 3. Privatization in the non-agricultural sectors: The first stage of privatization (1 October-1July 1994); developments after the first stage (including the Yukos saga, the 'shares-for-loans' scheme and the furthering of state control through consolidation); natural gas and Ukraine; Belarus and Russian energy supplies. 4. Agriculture: Laws and decrees relating to private land ownership; the Nizhny Novgorod experiment; the new Land Code; the development of private farming. 5. Direct foreign investment: Volume; production-sharing agreements; developments in oil and gas; developments in policy; outward direct foreign investment. 6. Macroeconomic stabilization: Hyperinflation and how it was conquered (including foreign aid and debt and the role of the IMF); the financial crisis of August 1998; the global financial crisis. 7. Dmitri Medvedev: thoughts on the economy. 8. Economic performance.