1st Edition

The Russian Economy under Putin

Edited By Torbjörn Becker, Susanne Oxenstierna Copyright 2019
    242 Pages
    by Routledge

    242 Pages 35 B/W Illustrations
    by Routledge

    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.



    List of figures



    List of tables



    List of contributors



    Foreword



    Abbreviations and acronyms





    Chapter 1 Introduction



    Torbjörn Becker & Susanne Oxenstierna





    Part I: Russia in the world economy



    Chapter 2 Russia’s economy under Putin and its impact on the CIS region



    Torbjörn Becker



    Chapter 3 Western sanctions and Russian responses: effects after three years



    Evsey Gurvich & Ilya Prilepskiy



    Chapter 4 The Impact of the Russian crisis on the Belarusian economy: the trade channel



    Kateryna Bornukova & Igor Livshits



    Chapter 5 Regional economic integration as a gateway to economic modernization



    Yaroslav Lissovolik & Aleksey Kuznetsov





    Part II: Russia’s internal challenges



    Chapter 6 A new trend in Russia’s defence spending



    Susanne Oxenstierna



    Chapter 7 Institutions, allocation of human capital, and economic growth in Russia



    Michael Alexeev



    Chapter 8 Age and education in the Russian labour market



    Vladimir Gimpelson & Rostislav Kapeliushnikov



    Chapter 9 Regional impact of the Russian energy sector



    Chloé Le Coq, Elena Paltseva & Natalia Volchkova





    Part III: Reforming Russia



    Chapter 10 Limitations of Putin's economic model



    Sergey Aleksashenko



    Chapter 11 Russia’s crony capitalism: stagnant but stable



    Anders Åslund



    Chapter 12 The political economy of Russia: is it changing?



    Stephen Fortescue





    Index





     

    Biography

    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).