The Economics of Russian Transition
The end of the Cold War saw an unprecedented number of countries changing economic policies at the same time. One result has been the emergence of a new field of economics, postcommunist transformation theory. Written by prominent Russian analysts, the essays in this book discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform. They also look at various policy options that have been pursued and their results. Underlying the book is the assumption that the transition to a market economy is both irreversible and the best path to sustained growth in Russia.
About the Editor
Yegor Gaidar (1956–2009) was a Russian economist and politician and a key architect of economic reforms in Russia’s transition to a market economy.
—Andrei Shleifer, Professor of Economics, Harvard University, and author of Without a Map: Political Tactics and Economic Reform in Russia
—Anders Åslund, Senior Associate, Carnegie Endowment for International Peace