Russia's Economy in an Epoch of Turbulence: Crises and Lessons, 1st Edition (Hardback) book cover

Russia's Economy in an Epoch of Turbulence

Crises and Lessons, 1st Edition

By Vladimir Mau


262 pages | 54 B/W Illus.

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pub: 2017-11-14
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Over the course of the last thirty years post-communist Russia has either been struggling with crises, discussing the lessons learned from past crises, or attempting to trace the contours of future crises. Based on the author’s own experiences and his research over this long period, this book traces the logic of the development of the crises and the anti-crisis policies, and shows the continuity, or discontinuity, in determining particular solutions. It demonstrates how perceptions of the priorities for economic policy, and the problems of economic growth and the formation of a new model and its alternatives were formed and how they changed. It also outlines the evolution of ideas about the role of social politics and human capital sectors in addressing anti-crisis and modernization issues, and discusses the changing views on the institutional and structural priorities for Russia’s development. This is an important book on an economic subject of crucial global significance by a leading participant.

Table of Contents



Introduction. Economic Crises in Contemporary History of Russia

Part I. Crises and Revolutions

Chapter 1. A Breakdown in Continuity: Key Aspects of a Revolutionary Transformation

Chapter 2. Post-Communist Russia: Characteristics of the Revolutionary Transformations

Part II. The 1998 Crisis in Russia

Chapter 3. The Background of the 1998 Financial Crisis in Russia

Chapter 4. The Chronicle of the Financial Crisis

Chapter 5. The Political Nature of the Financial Crisis

Chapter 6. Anti-Crisis Policies

Chapter 7. Effects of the 1998 Financial Crisis

Part III. Challenges of the Global Crisis

Chapter 8. Global Crisis: Historical Context and Trends of Economic Development

Chapter 9. Anti-crisis: Labels, Fears, Traps

Chapter 10. In Quest for a New Economic Model

Part IV. The Russian Version of the Global Crisis

Chapter 11. The Drama of 2008: From an Economic Miracle to an Economic Crisis

Chapter 12. Economic Policy of 2009: Between Crisis and Modernization

Chapter 13. Economic Policy in 2010: In Search of Innovation

Chapter 14. Economic Policy of 2011: The Global Crisis and the Search for a New Growth Model

Chapter 15. Economic Policy of 2012: Between Modernization and Stagnation

Chapter 16. Economic Policy of 2013: Reconstruction or Acceleration?

Chapter 17. Economic Policy of 2014: A New Frontier and Old Challenges

Chapter 18. Economic Policy of 2015: Sanctions and Anti-Crisis Agenda

Chapter 19. New Economic Reality: Lessons of Stabilization and Prospects of Growth

Conclusion. Medium-Term Economic Policy Priorities

Appendix. Figures and tables

About the Author

Vladimir Mau was a leading participant in the formulation of economic reforms in Russia in the 1990s–2010s. In 1992–93, he was Advisor to the Chairman of the Russian government and, in 1997–2002, he was Head of the Working Centre for Economic Reforms of the Russian government. He is a leading expert in the fields of economic theory, the history of economic thought and the Russian national economy. He is the author of twenty-five monographs, books and textbooks published in Russia and the UK, as well as about 700 published papers. He is currently Rector of the Russian Presidential Academy of National Economy and Public Administration (RANEPA).

About the Series

BASEES/Routledge Series on Russian and East European Studies

This series is published on behalf of BASEES (the British Association for Slavonic and East European Studies). The series comprises original, high-quality, research-level work by both new and established scholars on all aspects of Russian, Soviet, post-Soviet and East European Studies in humanities and social science subjects.

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Subject Categories

BISAC Subject Codes/Headings:
SOCIAL SCIENCE / Ethnic Studies / General