Fifteen Years of Economic Reform in Russia [E-Book]: What has been Achieved? What Remains to be Done? / Rudiger Ahrend and William Tompson
Ahrend, Rudiger.
Tompson, William.
Paris : OECD Publishing, 2005
72 p. ; 21 x 29.7cm.
englisch
10.1787/766476734748
OECD Economics Department Working Papers ; 430
Economics
Russian Federation
Full Text
The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the period, before turning to the question of where further structural reforms could make the biggest contribution to improved performance. Three major conclusions emerge. First, there is still a great deal to be done to strengthen the basic institutions of the market economy. While the Russian authorities have embarked on some impressive – and often technically complex – ‘second-generation’ reforms, many ‘first-generation’ reforms have yet to be completed. Secondly, the central challenges of Russia’s second decade of reform are primarily concerned with reforming state institutions. Thirdly, the pursuit of reforms across a broad front could enable Russia to profit from complementarities that exist among various strands of reform.