RUSSIAN TRANSITION TO CAPITALISM: WHAT WOULD HAVE MADE IT LESS PAINFUL?
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December 17, 2016
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12 / 3326
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KEY ECONOMIC MISTAKES
The Russian economy experienced tremendous stress as it moved from a centrally planned economy to a free market system. In this paper we will describe the challenges Russia faced during the transition period. The challenges consisted of political battles, a series of economic and social crises, and the poor results that came with many of the reform efforts...
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The challenges consisted of political battles, a series of economic and social crises, and the poor results that came with many of the reform efforts.
Russia was experiencing three revolutions all at once. First, they were attempting to fashion a new democratic politic system (and truly needed to replace the old Communist-era constitution)...
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