The Challenges for Russia's Politicized Economic System

During the early 2000s the market liberalization reforms to the Russian economy, begun in the 1990s, were consolidated. But since the mid 2000s economic policy has moved into a new phase, characterized by more state intervention with less efficiency and more structural problems. This book argues that problems of corruption, weak competitiveness, heavy dependency on energy exports, an unbalanced labour market, and unequal regional development will worsen unless the government changes direction. The book provides an in-depth analysis of the current Russian economic system, highlighting structural and institutional defects, and suggests how the present situation could be remedied.