Putinomics: How the Kremlin Damages the Russian Economy

This book provides a historical overview of the Russian economy and 60 years of state-communist mismanagement, followed by oligarchic privatization. It offers insights into Putin's rule and the power mechanics of the state-dominated management of the economy, highlighting the lack of rule of law and corrupt administration. It also discusses Russia's budgetary policy, dependence on natural resources, state-owned enterprises, and external trade.

Format: Paperback / softback
Length: 315 pages
Publication date: 21 May 2021
Publisher: Springer Nature Switzerland AG

This book provides a fresh perspective on the political economy of Russia under the leadership of Vladimir Putin. The author, a former European Union diplomat, offers a comprehensive historical review of the Russian economy, spanning 60 years of state-communist mismanagement and subsequent oligarchic privatization. Through in-depth analysis, the book sheds light on Putin's rule and the intricate power dynamics at play in the state-dominated management of the Russian economy. It identifies and assesses the absence of rule of law, as well as an arbitrary and often corrupt administration that hinders entrepreneurship and the development of an independent middle class. Furthermore, the book delves into Russia's budgetary policy, its reliance on the export of natural resources, state-owned enterprises, and their privileges, as well as Russia's external trade.

This rigorous and substantial analysis challenges the notion of Russia's economic prowess and is a vital read for anyone seeking to comprehend the economic realities of the Eurasian continent, or considering doing business with Russia. The author's insights and observations offer valuable insights into the complex dynamics shaping Russia's economic landscape, and will be of interest to policymakers, business executives, and scholars alike.

Weight: 516g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030740764
Edition number: 1st ed. 2021