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Russia's crony capitalism : the path from market economy to kleptocracy / Anders Åslund.

By: Material type: TextTextPublication details: New Haven : Yale University Press, (c)2019.Description: 1 online resource (viii, 324 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780300244861
Subject(s): Genre/Form: LOC classification:
  • HC340 .R877 2019
Online resources: Available additional physical forms:
Contents:
Subject: A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia's future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia's economy in untenable stagnation, which Putin has tried to mask through military might.
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Includes bibliographies and index.

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia's future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia's economy in untenable stagnation, which Putin has tried to mask through military might.

Introduction; Chapter One: The Origins of Putin's Economic Model; Chapter Two: Putin's Consolidation of Power; Chapter Three: Conservative Fiscal and Monetary Policy; Chapter Four: The Rise of State Capitalism; Chapter Five: The Expansion of Crony Capitalism; Chapter Six: How Large Is Russian Wealth, and Why Is It Held Offshore?; Chapter Seven: From International Economic Integration to Deglobalization; Chapter Eight: Liberalism versus Statism, or Reform versus Corruption?; Conclusion: Where Is Russia Going, and What Should the West Do?; Notes; References; Acknowledgments; Index.

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