Unwilling capitalist

Author: Linda Lauder
Publisher:
Publish Date: 2004-01-01
Features: The "radical" economic reforms advocated by Russian President Boris Yeltsin at the end of 1991 did not achieve the expected results but instead produced a large number of "unwilling capitalists" with distinct characteristics. A group of "newcomers" shaped by Russia's deeply entrenched business environment and the conflict between official rules and grassroots customs had to blend traditional Russian practices with the global rules of the modern economy. In chaos, they pursued the maximization of their own interests, ultimately evolving into monopolistic interest groups and even oligarchs who could sway national economic policies and even political decisions. The author is the Vice Dean of the International Business School at the University of Rhode Island and an expert on Russian economic issues. This book provides a detailed examination of the entire process of Russia's economic reforms and is the latest fruit of her research. By the mirror of Russia's economic reforms, readers can better understand China's economic reform process and recognize the many social realities of complex transformation periods.