This volume provides an evaluation of initial efforts to convert post-Soviet Russian industry from that of a highly-centralized, military-oriented economy to that of a civilian economy with a stronger base in private enterprise. The authors address crucial issues of the embattled economic transformation at the level of particular enterprises and geographic regions as well as in the contexts of state policy, finance and planning. Their analyses offer readers an understanding of the various obstacles that impede post-Soviet economic restructuring and point to ways in which they may be overcome.
Preface, Michael McFaul and Tova Perlmutter. Part 1 State policies and the context for enterprise reform: the Russian model of mass privatization - governmental policy and first results, fiscal policy and the budget in Russia, Sergei Sinelnikov. Part 2 Management, corporate governance and enterprise directors: agency problems in the privatization of large enterprises in Russia, M. McFaul; attitudes of enterprise managers toward market transition, Irina Starodubrovskaya; privatization and corporate governance in Russia - an empirical study, Katharina Pistor; political origins of corporatist order - the politics of enterprise reform, Mari Kuraishi Horne. Part 3 Regional analyses of defense industry issues: economic performance and policies in the defense industrial regions of Russia, Clifford Gaddy; conversion of Russian defense industries - a macroeconomic and regional perspective, Jacques Sapir. Part 4 transition to the market at the enterprise level: a case study of Russian defense conversion and employee ownership - the Saratov Aviation Plant, John A. Battilega; enterprise strategies to cope with the reduced defense spending - the experience of the Perm region, Tarja Cronberg; spin-offs and start-ups in Russia - a key element of industrial restructuring, David Bernstein.