The Russian economy: prospects for macroeconomic policy

Article Abstract:

This article examines economic reforms in Russia in possible avenues for growth in the future, reflecting on positive results from 1999, which included higher increases in GDP than expected and positive economic growth from increased investment. Issues include the increasing stability of the economy after the 1998 financial crisis, growth in real incomes and the revival of the consumer market, favorable foreign trading conditions, reduction of the budget deficit; on the negative side, the author asserts that the government did not resolve any major economic problems which indicates a need for a major shift in macroeconomic policy by examining structural problems of the economy, suggests strategy options, policy measures, and long term prospects which includes the need to manage human capital more effectively.

Statistical Data Included, Economic aspects, Macroeconomics, Human capital

---

Restructuring and reform of production

Article Abstract:

This article evaluates efforts at economic reform and socioeconomic development in Russia and examines causes of the financial crisis. Issues include the lack of impact the reforms have had on trade, production and financial activity of enterprises, no formation of a new organizational structure for production and the absence of professional entrepreneurs.

Planning, Economic stabilization

---

Similar abstracts:

• Abstracts: Prewar and postwar macroeconomic uncertainty: an international perspective. Cross-effects of fundamental state variables
• Abstracts: The political economy of coercion, economic growth, and the consolidation of the State. Integration - a precondition for economic stability
• Abstracts: How the Russian financial crisis was organized. Myths and Lessons of the August crisis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.