Abstract
The goal of this study is to reveal the long-term trajectory of Russian economic development and to make predictions for the future. We start with a much discussed question: Why did Russia do worse economically during transition than most other countries in Europe and Asia? It is argued that it was caused partly by objective circumstances before transition (distortions in industrial structure and in trade patterns accumulated during the era of central planning), but mostly by the weakening of the institutional capacity of the state during transition.
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Popov, V. (2012). The Long Road to Normality: Where Russia Now Stands. In: Roland, G. (eds) Economies in Transition. Studies in Development Economics and Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230361836_13
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DOI: https://doi.org/10.1057/9780230361836_13
Publisher Name: Palgrave Macmillan, London
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