Author： Hanson Philip
Publisher： Routledge Ltd
ISSN： 1352-3279
Source： The Journal of Communist Studies and Transition Politics, Vol.27, Iss.3-4, 2011-12, pp. : 456-475
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Abstract
Examination of Russia's experience of the economic crisis and its future economic prospects reveals evidence that the sharp fall in GDP in 2008-9 was the result of the business world's perceptions of risk, conditioned by institutional weaknesses; it cannot be blamed simply on the fall in oil prices. Analysis of sources of growth, and of policy and reform options, indicates that the development of Russian GDP in 2010-20 is likely to be slower than in 1998-2008; radical economic and political reform is unlikely, but partial economic reform may be capable of generating some improvements in performance.
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