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This book presents a comprehensive view of the state of the Russian economy under President Putin. It considers the extent of Russia’s integration in the world economy, where Russia’s exports of oil and gas are a key factor, discusses Russia’s internal challenges, including changing demographics, declining government revenue, the need to counter over-reliance on the oil and gas sector and the consequences of high military spending, and assesses the prospects for economic reform, highlighting especially the power struggles between different vested interests. Overall, the book provides a basis for understanding what has been going on in the Russian economy under President Putin and what the future may look like given the external environment, internal challenges and reform processes.
Torbjörn Becker is the Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics.Susanne Oxenstierna is a Deputy Research Director at the Swedish Defence Research Institute (FOI).
List of figuresList of tablesList of contributorsForewordAbbreviations and acronymsChapter 1 IntroductionTorbjörn Becker & Susanne OxenstiernaPart I: Russia in the world economyChapter 2 Russia’s economy under Putin and its impact on the CIS regionTorbjörn Becker Chapter 3 Western sanctions and Russian responses: effects after three yearsEvsey Gurvich & Ilya Prilepskiy Chapter 4 The Impact of the Russian crisis on the Belarusian economy: the trade channelKateryna Bornukova & Igor LivshitsChapter 5 Regional economic integration as a gateway to economic modernizationYaroslav Lissovolik & Aleksey KuznetsovPart II: Russia’s internal challengesChapter 6 A new trend in Russia’s defence spending Susanne OxenstiernaChapter 7 Institutions, allocation of human capital, and economic growth in RussiaMichael AlexeevChapter 8 Age and education in the Russian labour marketVladimir Gimpelson & Rostislav KapeliushnikovChapter 9 Regional impact of the Russian energy sectorChloé Le Coq, Elena Paltseva & Natalia VolchkovaPart III: Reforming RussiaChapter 10 Limitations of Putin's economic model Sergey AleksashenkoChapter 11 Russia’s crony capitalism: stagnant but stableAnders Åslund Chapter 12 The political economy of Russia: is it changing?Stephen Fortescue Index