Abstract: The Russian Economic Transformation: Building a House with out a Foundation
Mentor: Dr. Grant Forsyth, Economics
During the past decade, Russia has undergone a monumental transformation from a rigid centrally planned economy to an economy increasingly governed by market forces. This has proven to be far more challenging than simply addressing the macroeconomics factors stressed by the IMF and the World Bank. While Russia has made admirable progress, especially since the 1998 crisis, the absence of focus on microeconomic issues in Russia has become problematical these issues must be addressed for Russia's economic process to continue. This project addresses two specific areas that have hampered Russia's pro-market reforms: information dissemination in the market and the presence of functioning private property laws. These two factors are essential for market economics to function efficiently.
Univrsityof DE McNair Conference & Grad Fair 10-01-2003
7th Annual Research & CW Symposium, EWU, May, 19, 2004
phone: 509.359.6200 (campus operator)
View the original version of this page.