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Fifteen Years of Economic Reform in Russia What has been Achieved? What Remains to be Done?

The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the period, be...

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Bibliographic Details
Main Author: Ahrend, Rudiger
Other Authors: Tompson, William
Format: eBook
Language:English
Published: Paris OECD Publishing 2005
Series:OECD Economics Department Working Papers
Subjects:
Economics
Russian Federation
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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520 |a The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the period, before turning to the question of where further structural reforms could make the biggest contribution to improved performance. Three major conclusions emerge. First, there is still a great deal to be done to strengthen the basic institutions of the market economy. While the Russian authorities have embarked on some impressive - and often technically complex - 'second-generation' reforms, many 'first-generation' reforms have yet to be completed. Secondly, the central challenges of Russia's second decade of reform are primarily concerned with reforming state institutions. Thirdly, the pursuit of reforms across a broad front could enable Russia to profit from complementarities that exist among various strands of reform 

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