Economic Developments in Contemporary Russia

Ian Jeffries

Mar 2011 · Routledge

About this ebook

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.

About the author

Ian Jeffries is Honorary Professor in the Department of Economics and Centre of Russian and East European Studies at Swansea University, UK. His recent publications include A History of Eastern Europe: Crisis and Change, 2nd edition; The Balkans: a Post-Communist History and numerous books in the series, Guides to Economic and Political Developments in Asia (all published by Routledge).