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Lecture 12. Example 3 - Former Soviet Union

Kathryn Stoner-Weiss

Internet Research Materials:

Questions for Seminar Discussions

  • What went wrong – if anything – with economic reform in Russia?
  • Should Russia have persisted with a ‘shock therapy’ economic reform or not? Why?
  • Should economic reform have preceded political reform in Russia?
  • What is the importance of the rule of law in the post-communist period? How would you define rule of law in this context?
  • What would you have done differently in Boris Yeltsin’s place in economic and institutional reform? In Vladimir Putin’s place?

Key terms:

Democracy vs. Authoritarianism

Human/Natural Resource Capital

Capital Inflow vs. Outflow

Personal Freedoms

The First Republic

Loans for Shares Policy

Sequencing

"Entrepreneurchiki"

Human Development Indicators (HDI)

Direct Foreign Investment

Chechnya and Domestic Terrorism

Unconsolidated Democracy

Shock Therapy vs. Gradualism

Privatization

Vouchers

Resource Curse

 

 

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