1st Edition

Russia's Economy in an Epoch of Turbulence Crises and Lessons

By Vladimir Mau Copyright 2018
    282 Pages
    by Routledge

    282 Pages 54 B/W Illustrations
    by Routledge

    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.



    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


    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).