Privatization in Russia

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Privatization in Russia by Dmitri Ouvarovskii, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dmitri Ouvarovskii ISBN: 9783638770521
Publisher: GRIN Publishing Publication: June 16, 2007
Imprint: GRIN Publishing Language: English
Author: Dmitri Ouvarovskii
ISBN: 9783638770521
Publisher: GRIN Publishing
Publication: June 16, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2007 in the subject Politics - International Politics - Region: Russia, grade: A, York University, 13 entries in the bibliography, language: English, abstract: ?Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia's transition from plan to market under Yeltsin are devastating. Within a few years the 'mighty' Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what 'went right' during the transition process seems to be even more appropriate then the question of what 'went wrong'. However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1 , 'has been touted as a one of the major successes of the Russian government's economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output.'2 On the one hand, according to the Russian government's Western advisers this privatization is the fastest in human history and 'seems to be one of the few positive fruit of Russian economic policy since 1991'3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian democratization.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2007 in the subject Politics - International Politics - Region: Russia, grade: A, York University, 13 entries in the bibliography, language: English, abstract: ?Fragmentation of state authority, lack of a clear legislative base, unreliability of the legal system, collapse of the industry, bisection of the GDP, runaway inflation, capital flight, rises in crime and corruption, tremendous decline in life expectancy: the political, economic and social results of Russia's transition from plan to market under Yeltsin are devastating. Within a few years the 'mighty' Soviet Union fell back from a major power to a third world economy, dealing with problems like mass poverty and epidemics. In light of these disastrous outcomes the question of what 'went right' during the transition process seems to be even more appropriate then the question of what 'went wrong'. However, while it seems to be obvious that the stabilization and liberalization attempts by the Russian government predominantly failed, privatization, the third core facet of transition1 , 'has been touted as a one of the major successes of the Russian government's economic transformation policy. By the beginning of 1996 77.2% of medium-size and large enterprises had been privatised, accounting for 88.3% of total industrial output.'2 On the one hand, according to the Russian government's Western advisers this privatization is the fastest in human history and 'seems to be one of the few positive fruit of Russian economic policy since 1991'3. On the other hand, a common point of view is that its implementation led to an unfair distribution of state assets and only benefited a minority of Russian population. This debate is going to be the main focus of this paper. By discussing the general importance of the private sector to a democracy, the aims of privatization, its subsequent reforms, and its results, I intend to assess the contribution of these reforms to the process of Russian democratization.

More books from GRIN Publishing

Cover of the book La fusion por absorcion by Dmitri Ouvarovskii
Cover of the book Marketing and customer orientation of Cisco Systems Inc 2009 by Dmitri Ouvarovskii
Cover of the book The Beauty of Ordinary Stuff in Frederick Barthelme's Short Stories by Dmitri Ouvarovskii
Cover of the book Is it sufficient only to rely on the 'Classical Model' to practice by Dmitri Ouvarovskii
Cover of the book Traffic Planning in China - Need for and possibility of integrated traffic planning in the People's Republic of China by Dmitri Ouvarovskii
Cover of the book South Africa. Problems of identification and the role of the English language by Dmitri Ouvarovskii
Cover of the book Shakespeare's sonnets 12 and 73: a comparison by Dmitri Ouvarovskii
Cover of the book Corpus Linguistics - Differences and similarities between German and English Fairy Tales by Dmitri Ouvarovskii
Cover of the book A Book Report on 'Europe as Empire - The Nature of the Enlarged European Union' by Dmitri Ouvarovskii
Cover of the book Constructing the convincing political speech by Dmitri Ouvarovskii
Cover of the book The Role of Fate and Society in Shakespeare's Romeo and Juliet by Dmitri Ouvarovskii
Cover of the book International Financial Reporting Standard for Small and Medium-sized Entities by Dmitri Ouvarovskii
Cover of the book International Marketing and Communication by Dmitri Ouvarovskii
Cover of the book OLYMPICS - Global Sports in the Area of Tension between Organisational, National and Supranational Forces by Dmitri Ouvarovskii
Cover of the book The Stolen Generations by Dmitri Ouvarovskii
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy