Putinomics: Power and Money in Resurgent Russia

Vladimir Putin reestablished Russia as a great power in 1999. Chris Miller examines Putin's economic policy and the tools Russia's elite have used to achieve their goals. Despite Russia's corruption, cronyism, and overdependence on oil, Putin's economic strategy has been successful due to its guarantee of economic stability and support for his accumulation of power.

\n Format: Paperback / softback
\n Length: 240 pages
\n Publication date: 28 February 2021
\n Publisher: The University of North Carolina Press
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When Vladimir Putin assumed power in 1999, he was a relatively unknown figure overseeing a nation grappling with a crisis that had lasted for over a decade and a half. However, in the years that followed, Putin managed to reestablish Russia as a significant global power. This essay aims to analyze Putin's economic policies and the strategies employed by Russia's elite to achieve their goals.

Despite Russia's reputation for corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has proven remarkably successful. Miller argues that, despite these challenges, Putinomics has consistently served Putin's interests by ensuring economic stability and bolstering his accumulation of power.

Throughout his two-decade-long rule, Putin has faced various economic challenges, including Western financial sanctions and low oil prices. However, he has managed to navigate these obstacles effectively, maintaining Russia's economic stability and relevance on the world stage.

One of the key aspects of Putin's economic policies has been his emphasis on state intervention and control. He has implemented policies aimed at promoting domestic industries and reducing Russia's dependence on foreign imports. This has included measures such as subsidies for domestic manufacturers, restrictions on foreign investment, and the establishment of state-owned enterprises.

Another important aspect of Putin's economic strategy has been his focus on infrastructure development. He has invested heavily in building roads, bridges, and railways, as well as in energy infrastructure such as pipelines and power plants. This investment has helped to stimulate economic growth and create jobs in Russia.

In addition to these policies, Putin has also implemented measures aimed at promoting social welfare and reducing poverty. He has increased social spending, implemented pension reforms, and provided assistance to low-income families. These efforts have helped to improve the living standards of many Russians and reduce social unrest.

Despite the success of Putin's economic policies, there have been criticisms and concerns about their impact on democracy and human rights in Russia. Some argue that the concentration of power in the hands of the president has led to a decline in political freedoms and civil liberties. Others have raised concerns about the level of corruption and the use of economic power to influence political outcomes.

Despite these criticisms, it is important to recognize that Putin's economic policies have played a significant role in reestablishing Russia as a global power. His emphasis on state intervention and control, infrastructure development, and social welfare measures have helped to improve the living standards of many Russians and promote economic growth.

In conclusion, Vladimir Putin's economic policies have been a key factor in reestablishing Russia as a global power. His emphasis on state intervention, infrastructure development, and social welfare measures has helped to improve the living standards of many Russians and promote economic growth. While there are criticisms and concerns about these policies, it is important to recognize their impact on Russia's economic and political landscape.

\n Weight: 392g\n
Dimension: 155 x 234 x 18 (mm)\n
ISBN-13: 9781469663913\n \n