Policy Memos

Why the Russian Economy is Unlikely to Become a New 'Asian Tiger'

Policy Memo:

129

Publication Date:

04-2000

Author(s):

Description:

With the new president Vladimir Putin taking office in March 2000, there has been an array of predictions that acceleration of the economic reform process, accompanied by the strengthening of the state, would result in fast economic growth. In this memo I play the role of devil's advocate, with the aim to:
• identify the most important barriers to growth;
• provide evidence that these barriers are too serious to be quickly eliminated; and
• contribute to the discussion of how these barriers could eventually be overcome.

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About the author

Research Director, Dialogue of Civilizations Research Institute (Berlin); Principal Researcher, Russian Academy of Sciences; Professor Emeritus, New Economic School (Moscow); Adjunct Research Professor, Institute of European and Russian Studies, Carleton
Dialogue of Civilizations Research Institute (Berlin)