Details

Subject(s)

• Economic development—Russia (Federation). [Browse]
• Russia (Federation)—Economic conditions—1991- [Browse]
• Russia (Federation)—Economic policy—1991- [Browse]

Series

BASEES/Routledge series on Russian and East European studies [More in this series]

Summary note

"This book presents theoretical and empirical investigation of economic growth in Russia. The sharp decline in the national production that Russia endured in the 1990s, linked directly to the exhausting and ill-planned transition from the planned economy to the market economy, resulted in Russia plunging into the poverty trap. The goal of this book is to determine whether and how Russia manages to overcome the poverty trap and initiate and sustain economic growth. This book fills the gap between the volatile economic growth as an objective economic reality of Russia and the lack of scholarly literature on the issue. This study identifies the place and role of foreign aid in economic growth in the market-type post-transitional Russian economy and concludes that foreign aid does not play any significant role in the national economy, contrary to what would follow from the classical poverty trap theory, considered, reviewed, applied and tested in this study. Development economists should not overestimate the role of foreign aid in overcoming the poverty trap in those developing economic systems that are currently not in equilibrium and only move toward their steady state. The book will be of interest to those who want to learn more about specific problems in Russia's newly built capitalism, the country's perspectives and its current semi-peripheral status. The book will also be an excellent supplement for students in Russian studies programs, as well as for investors who want to do business in Russia and try to understand the country's domestic economic conditions and processes"-- Provided by publisher.

Bibliographic references

Includes bibliographical references and index.

Contents

• Introduction: post-Soviet transition and poverty trap in Russia
• Modern economic growth theories: Ramsey to Solow
• Economic growth with foreign aid: structuralism and poverty trap
• Economic growth in the post-Soviet Russia: capital and labor
• The structure of GDP growth in Russia: empirical observations
• Economic growth and labor in Russia: internal determinants
• Economic growth and capital in Russia: external determinants
• Exports and imports in Russia: foreign trade
• IMF and foreign debt in Russia: foreign aid
• Conclusion: Poverty trap, economic growth and structuralism.

Show 7 more Contents items

ISBN

• 9781032460390 (hardcover)
• 1032460393 (hardcover)
• 9781032460406 (paperback)
• 1032460407 (paperback)

LCCN

2022058321

OCLC

1353921621

Statement on responsible collection description

Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage. Read more...