The Russian Economy Under Putin

This book presents a comprehensive view of the state of the Russian economy under President Putin. It considers the extent of Russia’s integration in the world economy, where Russia’s exports of oil and gas are a key factor, discusses Russia’s internal challenges, including changing demographics, declining government revenue, the need to counter over-reliance on the oil and gas sector and the consequences of high military spending, and assesses the prospects for economic reform, highlighting especially the power struggles between different vested interests. Overall, the book provides a basis for understanding what has been going on in the Russian economy under President Putin and what the future may look like given the external environment, internal challenges and reform processes.

Seminar paper from the year 2007 in the subject Politics - International Politics - Region: Russia, grade: 1, University of Vienna (Institut für Politikwissenschaft), 6 entries in the bibliography, language: English, abstract: Putin promotes himself as a big reformer but no real actions have been undertaken so far, which would prove that true. Therefore I am asking myself, if President Putin is rather a reformer or a power-politician. Where are the necessary reforms Putin is talking about? Does Putin really want to reform the country for the better or is his major concern to maintain his position as president? Are the new reforms meant seriously or are they just a way to quiet up the critics and protect his position? It is very unclear where Russia is heading too. If you believe the official statement, you would see a democratic reformed Russia. Unfortunately if you dig deeper, Putins words need to be doubted. No effective reforms were installed that would have turned the country around. What are Putins real intentions, aims and goals? I am questioning myself what kind of influence he has on the Russian economy. In my paper I will try to answer all these questions. Further I choose this topic as discussions about Russia's economical strength are constantly going on. For me, Wladimir Putin is a very interesting man. It seems very difficult to figure him out or for what he is actually standing for. His behaviour on certain issues is much contradicted what makes him a very difficult business partner. He seams to have two faces.

This volume seeks to fill the vacuum created by the Joint Economic Committee of Congress's decision to cease publishing comprehensive assessments of Russia's performance and potential. It provides readers with authoritative descriptions of Russia's economy, military prowess and international ambitions. The volume does not settle controversies, but does provide readers with an objective basis for assessing Russia's prospects without the distortions caused by fake news and disinformation wars.

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.

This book sheds new light on the political economy of Russia under Putin’s rule. The author, a former EU diplomat, presents a historical review of the Russian economy and 60 years of state-communist mismanagement, followed by oligarchic privatization. The book offers profound insights into Putin’s rule and the power mechanics of the state-dominated management of the Russian economy. It identifies and assesses the lack of rule of law, together with an arbitrary and often corrupt administration that systematically discourages entrepreneurship and the emergence of an independent middle class. Furthermore, the book discusses Russia’s budgetary policy, its dependence on the export of natural resources, state-owned enterprises and their privileges, and Russia’s external trade. This hard-hitting, substantial analysis debunks the myth of Russia’s economic might and is a must read for anyone seeking to understand the economic realities of the Eurasian continent, or considering doing business with Russia.

Providing an in-depth review of Russia's key economic policies, this book is the first systematic study of the political economy of oil windfalls in Putin's Russia.

This book constitutes an up-to-date treatment of Russia’s economic development and economic policies since 2000, when Vladimir Putin became the President of Russia. After the slow decline and sudden collapse of the Soviet Union, Russia embarked upon a multi-faceted change. This included transition from central management to a market economy, from one-party rule to democracy, from multi-national empire to nation state, and from relative autarchy to opening up to the European and global communities. This book concentrates on economic change, exploring how in spite of steep production decline, widening welfare differentials and increasing social uncertainty, the 1990s also created many of the institutional and policy preconditions for a functioning market economy.

When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.