Title: Russia on an Upturn: Yes, But ?
Authors: VOIGT Peter
Citation: IAMO 2006 vol. 6 p. 47 - 53
Publisher: Leibniz-Institut für Agrarentwicklung in Mittel- und Osteuropa
Publication Year: 2006
JRC N°: JRC36252
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC36252
Type: Articles in periodicals and books
Abstract: The question mark in the title of this paper refers to the issues of whether the current opportunities for a wave of reforms will actually be exploited, and whether sustainable impulses for growth of the Russian economy will result from this. These opportunities exist thanks to the high market prices for raw materials; the federal budget has surpluses and Russia is consequently in a very advantageous position. An answer to the question is yet to be found. If Russia could exploit its own growth potential, one might expect growth rates to continue at the current level, or even higher, over a longer period of time. Perhaps then a future article, looking back at 20 or more years of the transition process in Russia, might add some “phases of transition” to the ones outlined above. And why might it not mention a prospering economy with rising trends which perhaps could be called the Putin era?
JRC Directorate:Growth and Innovation

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