A Normal Country: Russia After Communism

Authors: Shleifer, Andrei; Treisman, Daniel

Source: The Journal of Economic Perspectives, Volume 19, Number 1, Winter 2005 , pp. 151-174(24)

Publisher: American Economic Association

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Abstract:

During the 1990s, Russia underwent an extraordinary transformation from a communist dictatorship to a multi-party democracy, from a centrally planned economy to a market economy, and from a belligerent adversary of the West to a cooperative partner. Yet a consensus in the US circa 2000 viewed Russia as a disastrous and threatening failure, and the 1990s as a decade of catastrophe for its citizens. Analyzing a variety of economic and political data, we demonstrate a large gap between this perception and the facts. In contrast to the common image, by the late 1990s Russia had become a typical middle-income capitalist democracy.

Document Type: Research article

DOI: 10.1257/0895330053147949

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