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Группа авторов. Trajectories of Economic Transformations. Lessons from 2004 for 2024 and Beyond
Introduction
Part I: Prerequisites and the Course of Transformations in Russia
Chapter 1. The Turn of the Millennium: A Time for New Directions
A Local Knot of Global Contradictions
Evolution of Strategies for Change
Resource Scarcity at the Heart of Transformation
Overcoming Inertia: Opportunities for Progress
Chapter 2. Internal and External Drivers of Transformations in Russia
Two Key Drivers of Economic Transformations
Setting Criteria for Economic Reform
A Romance with External Aid
Shifting Internal Forces Driving Change
Chapter 3. The Economic Structure of the Soviet Union: From Growth to Collapse
The Nature of Soviet Economic Growth
Symptoms and Causes of Economic Stagnation
Fundamental Flaws in the Soviet Economic System
Missed Opportunities and Unrealized Approaches
Perestroika: Ideas vs. Realities
Exploring Alternative Paths of Transformation
Chapter 4. Radical Reforms: Concepts, Consequences, Challenges
A Bold Start: The Early Phases of Reform
Measuring Success: Two Dimensions of Reform
Socio-Economic Indicators of Success
Ideological Confusion: Goals without Clarity
The Human Factor in Economic Transformations
Privatization in the Structure of Reforms
The Cost of Reform Programs
Post-Default Economic Shifts
Balancing Ideals and Results
Analyzing Reform to Influence Future Policies
Part II: The Global Context of Transformations
Chapter 5. Globalization: Integration, Fragmentation, and the Impact on Transition Economics
Globalization as a Driver of Integration and Division
Market Liberalization and the Creation of New Hierarchies
Global Economic Development Trends
International Institutions, Transnational Corporations, and States
Roots of Anti-Globalism: Understanding the Backlash
Globalization’s Impact on Transition Economies
Chapter 6. Theoretical Frameworks of Economic Transformation: Mainstream vs. Alternative Approaches
The Dual Role of Economic Theory in Driving Transformation
Modern Mainstream Economics and Its Alternatives
The Continued Relevance of Keynesian Economics
Debating Orthodoxy in Economic Thought
State Intervention: Attitudes and Implications
Transactional Factor in Economic Transformations
Revisiting Evolutionary Economic Theories
French Economic Alternatives
Navigating Extremes and Trade-Offs in Approaches to Economic Transformation
Chapter 7. Economic Well-Being: Benchmarks and Contradictions
The Rise of Welfare Theory
Understanding the Welfare State
Key Factors Influencing Welfare Policy
Challenges of the Consumer Society and How to Overcome Them
Chapter 8. Post-Industrialism: Vision and Reality
Science and Technology in Economic Growth
The Information Technology Revolution
Knowledge as a Driver of Development
Russia’s Innovation Potential: Challenges and Opportunities
Post-Industrialism: The Gap Between Vision and Reality
Chapter 9. The Financial Sector’s Role in Economic Transformation
The New Scale of Global Financial Activity
Russia’s Business Shift: Financialization and Its Impact
Macroeconomic Consequences of Financialization
The Risks of Financial Preferences
International Financial Flows and Their Implications
Two Models of Financial Support for the Economy
Challenges in Russia’s Banking System
Development of Russia’s Financial Markets
Exchange Rate Dynamics and Their Effect
Russia’s Integration into the Global Financial System
Chapter 10. Economic Transformation: Global Leaders and Laggards
Diverging Living Standards Across Economies
The Subjective Nature of Economic Progress
Challenges to Methodological Individualism
Exploring Alternative Economic Models
Part III: Towards a New Future
Chapter 11. Shifts in Economic Foundations: The Role of Ideas and the State
Mainstream Approaches and Their Alternatives
Harmonizing Economic Theories
Points for Reflection on Economic Change
The Role of the State in Economic Transformation
Deviating from Established Economic Principles
Addressing Unacceptable Economic Outcomes
A Distant Alternative: Vision for the Future
Challenging the Monopoly of Economic Concepts
Chapter 12. Natural and Technological Influences on Economic Transformation
Scientific and Technological Factors in Economic Growth
The Role of Natural and Climatic Conditions
Natural Resources as a Basis for Transformation
Energy Supply and Its Impact on Economic Progress
Environmental Challenges and Economic Priorities
Resource Conflicts and the Future of Resource Allocation
Opportunities for a Sustainable Future
Chapter 13. Towards a Sustainable Future: Ecological and Economic Trajectories
The Ecological Imperative and Global Markets
Exploring New Economic Approaches
The Dangers of Hubris in Economic Policy
Addressing the Core Problems of Modernity
Globalization’s Role in Shaping the Future
Developing New Motivations for Economic Growth
Chapter 14. An Optimal Economic Policy for Russia’s Future
Towards a Nationally Focused Economic Strategy
A Market-Based Approach for the Transition Period
Institutionalism vs. Populism: Finding a Middle Ground
Entrepreneurial Efficiency and Economic Growth
Expanding the Resource Base for Economic Development
Strengthening Domestic Demand for Sustainable Growth
Industrial Policy as a Catalyst for Transformation
Social Drivers of Economic Dynamism
Enhancing the Efficiency of State Institutions
Concluding Remarks
Bibliography
Abbreviations
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