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 What is love - Are love and romance nothing but socially constructed? by Dmitri Ouvarovskii
Cover of the book Caryl Phillips' 'Cambridge' - The Ambiguity of a Slave's Identity through (Re)Naming by Dmitri Ouvarovskii
Cover of the book Measurement and Definitions of Development by Dmitri Ouvarovskii
Cover of the book Process of change within family structures by Dmitri Ouvarovskii
Cover of the book The effects of slavery on the female characters in Toni Morrison´s Beloved by Dmitri Ouvarovskii
Cover of the book United States of America's Foreign Policy in the Security of Asia-Pacific Region by Dmitri Ouvarovskii
Cover of the book Le Canada de Stephen Harper et les processus d'intégration en Amérique du Nord by Dmitri Ouvarovskii
Cover of the book Provide free markets just outcomes? by Dmitri Ouvarovskii
Cover of the book Selbsterhaltung unter Lagerstress - Überleben im Gulag by Dmitri Ouvarovskii
Cover of the book Compounding - the general structure of compounds and their most striking features by Dmitri Ouvarovskii
Cover of the book Kann die Mediation, als eine Methode der Konflktbewältigung, auch bei Mobbing greifen? by Dmitri Ouvarovskii
Cover of the book Mergers & Acquisitions: A comparison of the perspectives for shareholders and management by Dmitri Ouvarovskii
Cover of the book Characterization of a haloarchaeal 16S rRNA gene clone library from Alpine rock salt from Bad Ischl, Austria by Dmitri Ouvarovskii
Cover of the book Corporate Valuation of the E.ON AG by Dmitri Ouvarovskii
Cover of the book Feasibility of Licensing Poppy Cultivation for the Production of Morphine-Based Medicines in Rural Afghanistan 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