The International Economic Crisis And The Post Soviet States

At first, it seemed as if the international financial crisis that broke out in 2008 would have little effect in Russia and the other post-Soviet states. But, by the end of the year, growth was slowing, banks were reluctant to lend, share values had collapsed and unemployment was rising inexorably. The stability of the Putin leadership, it appeared, had been built on the turnaround in economic performance that it had managed to achieve over more than a decade. How would it cope with a sudden reversal? In Ukraine, living standards fell even more sharply. In Belarus, there were fewer obvious signs of economic difficulty, but it could hardly be unaffected by the performance of its major trading partners. Drawing on a wide range of evidence, an international group of scholars address the impact of the international financial crisis in the post-Soviet states and the continuing implications of the crisis for these countries themselves and for the wider world. This book was published as a special issue of the Journal of Communist Studies and Transition Politics, now known as East European Politics.

The breakup of the Soviet Union led to the creation of new states and territorial conflicts of different levels of intensity. Scrutinising the post‐Soviet period, this volume offers explanations for both the frequency and the intensity of crises in the region. This book argues that the societies which emerged in the post-Soviet space share characteristic features, and that the instability and conflict-prone nature of the Soviet Union’s successor states can be explained by analysing the post-independence history of the region and linking it to the emergence of overlapping economic, political and violent crises (called 'Intersecting Crises Phenomena’). Transformation itself is shown to be a decisive process and, while acknowledging specific national and regional characteristics and differences, the authors demonstrate its shared impact. This comparison across countries and over time presents patterns of crisis and crisis management common to all the successor states. It disentangles the process, highlighting the multifaceted features of post-Soviet crises and draws upon the concept of crisis to determine the tipping points of post-Soviet development. Especially useful for scholars and students dealing with the Soviet successor states, this book should also prove interesting to those researching in the fields of communist and post‐communist Studies, Eurasian politics, international relations and peace and conflict studies.

Originally published in 2004. The collapse of the USSR and the emergence of 15 new states from its ashes presents another challenge to the global economy: how to reintegrate the post-Soviet space into the international economy. The spread of liberal market ideology and integration of national economic spaces into a global marketplace faces unique difficulties in the former USSR. This insightful volume explains these challenges, showing how Soviet legacies have worked against a smooth re-entry of Russia, Ukraine and Belarus into the global economy. It also demonstrates how and why global economic forces have had very uneven effects in the area, how the area differs from other parts of the post-communist world where reintegration has proceeded more smoothly, and what the future prospects and political implications are for the region in the global economy.

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

In the context of the Soviet economic crisis of 1991, this work offers the views of 12 economists - half from the USSR, half from the West. While all agree on the need for a market economy, the Soviet writers here argue for a markedly more gradual change than do their Western counterparts.

This title was first published in 2001: Based on extensive research, this trilogy provides new insights into Post-Soviet transformations without taking refuge in the traditional assumption that Russia is unique. Using powerful analytical tools, this trilogy marks the re-integration of the Former Soviet Union (FSU) into the main current of political science. An invaluable resource for all those interested in Russia and the Post-Soviet states. This first volume focuses on state, sectoral, and transnational actors from a predominantly rational choice perspective. The book includes an extensive introduction by the editor which uses additional material gathered by the project team on two polls, 1999 and 2000, which, in addition to the individual studies, provide sufficient data to obtain unprecedented insights into the basic preferences and the logic of action of the main players in Russia. The outcomes of this research will be particularly relevant for students, researchers, journalists and decision-makers interested in Russia and the Post-Soviet states’ politics, international relations, economics, social policy and sociology.

Essay from the year 2003 in the subject Politics - International Politics - Region: Russia, grade: High Distinction, Flinders University (Social Sciences), course: Introduction to Globalisation, language: English, abstract: This essay aims at explaining the impacts of the processes globalisation on the fall of the Soviet Union and the problems this created for the new Russia in transition. First of all it is necessary to look at some parts of the history of the Soviet Union and the nature of Communism before moving on to defining globalisation and its effects on Russia and the Commonwealth of Independent States (CIS). Why is it so important to deal with history first? It is because the former Soviet Union economically and ideologically had shut itself off to most parts of the globe for decades and hence the effects of globalisation must be reflected under the light of these specific circumstances. In short, the Bolshevik uprising in 1917 was successful and brought the Bolshevik Party into power which was renamed Communist Party in 1918. In the years from 1918 to 1921 a civil war followed in which the Bolshevik regime was almost overthrown but managed to stay in power, taking control over the economy and turning it into a war economy. After 1918 the Soviet Union experienced three years of war communism. Under the wing of Socialism the economy was organised in a military sense and forced the whole nation to put their labour into keeping up a traditional army and securing military power.1 In 1921 Lenin introduced The New Economic Policy as he realised that war communism was a failure and that it had led to peasant revolts endangering the Soviet State. The idea now was to maintain industry under state control and to allow a market for agriculture, trade and commerce.2 This system made it possible for peasants and rural capitalists to gain relative wealth whereas the urban population experienced increasing unemployment. By the late 1920s this emerging rural capitalism was regarded as a threat to the system and lead to a very fragile relationship between the Communist government and the rural population. In order to avoid the collapse of Communist Soviet Union, Stalin implemented mass collectivisation of agriculture and rapid industrialisation.3 [...] 1 David Christian, Imperial and Soviet Russia: Power, Privilege and the Challenge of Modernity, Macmillan Press, Houndsmills, 1997, pp.207 – 231. 2 David Lockwood, The Destruction of the Soviet Union, Macmillan Press, Houndsmills, 2000, p.66. 3 David Christian, Imperial and Soviet Russia: Power, Privilege and the Challenge of Modernity, Macmillan Press, Houndsmills, 1997, pp. 262 & 265.