Russia's economy after the referendum

Article Abstract:

The attempts to achieve macroeconomic stabilization in the Russian economy have not worked. The economic reforms implemented in mid-1992 expressed the wishes of the dominant portion of the Supreme Soviet rather than the good of the Russian people. Credit went to support existing businesses and keep traditional power structures in place, namely, the military-industrial complex and the traditional Soviet form of full employment. Microeconomic policy offers the most hope for solving Russia's economic problems. Western support for the development of small business would be the most effective.

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Is corporatism the answer?

Article Abstract:

Russian authorities are trying to emulate the Western European model known as the social market economy, involving cooperation between organized labor and employers. The Russian Trilateral Commission for Labor Relations adopted a General Agreement aimed at liberalization of prices and privatization of industry. Wages and profits are unregulated, except for the adoption of a minimum wage. Worker safety and environmental protection are being addressed but the costs of price liberalization may make corporatism impossible.

Economic development, Corporate state, Wage price policy, Wage-price policy

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Russia and the West: The Russians are here

Article Abstract:

A March 2004 survey by real estate agents, Knight Frank reckoned that one in fifteen properties sold for more than $873,000 in 2003 went to Russian buyers which indicates that Russians have started investing in long-term assets. In 2005, there were nine initial public offerings of shares of Russian companies on the London Stock Exchange, which raised a total of $4.6 billion, far more than the small number of modest-sized-market.

Government expenditures, Russia, Labor Distribution by Employer, Analysis, Foreign investments, Statistics, Capital market, Capital markets, Foreign direct investment

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