This book presents a comprehensive view of the state of the Russian economy under President Putin. It considers the extent of Russia’s integration in the world economy, where Russia’s exports of oil and gas are a key factor, discusses Russia’s internal challenges, including changing demographics, declining government revenue, the need to counter over-reliance on the oil and gas sector and the consequences of high military spending, and assesses the prospects for economic reform, highlighting especially the power struggles between different vested interests. Overall, the book provides a basis for understanding what has been going on in the Russian economy under President Putin and what the future may look like given the external environment, internal challenges and reform processes.
Table of Contents
List of figures
List of tables
List of contributors
Abbreviations and acronyms
Chapter 1 Introduction
Torbjörn Becker & Susanne Oxenstierna
Part I: Russia in the world economy
Chapter 2 Russia’s economy under Putin and its impact on the CIS region
Chapter 3 Western sanctions and Russian responses: effects after three years
Evsey Gurvich & Ilya Prilepskiy
Chapter 4 The Impact of the Russian crisis on the Belarusian economy: the trade channel
Kateryna Bornukova & Igor Livshits
Chapter 5 Regional economic integration as a gateway to economic modernization
Yaroslav Lissovolik & Aleksey Kuznetsov
Part II: Russia’s internal challenges
Chapter 6 A new trend in Russia’s defence spending
Chapter 7 Institutions, allocation of human capital, and economic growth in Russia
Chapter 8 Age and education in the Russian labour market
Vladimir Gimpelson & Rostislav Kapeliushnikov
Chapter 9 Regional impact of the Russian energy sector
Chloé Le Coq, Elena Paltseva & Natalia Volchkova
Part III: Reforming Russia
Chapter 10 Limitations of Putin's economic model
Chapter 11 Russia’s crony capitalism: stagnant but stable
Chapter 12 The political economy of Russia: is it changing?
Torbjörn Becker is the Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics.
Susanne Oxenstierna is a Deputy Research Director at the Swedish Defence Research Institute (FOI).