Summary of Russia’s Economy under Putin

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Russia’s Economy under Putin summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

7 Innovation

8 Style

Recommendation

Vladimir Putin has brought vast changes to Russia since his rise to power in 1999, writes Simeon Djankov, a former deputy prime minister and finance minister of Bulgaria. Djankov outlines how Russia’s economy went from fledgling free enterprise in the post-Soviet era to entrenched state capitalism today, and he describes how that shift has supported Putin’s foreign policy aims. Djankov doesn’t foresee much change in the near term, particularly as Western sanctions perversely tighten Putin’s grip on the economy. getAbstract recommends his insightful article to anyone interested in the long-term political and economic future of Russia.

In this summary, you will learn

  • How Russia has evolved under Vladimir Putin,
  • What that transition means for the country’s economy and
  • Why Russia is likely to continue pursuing state capitalism for the foreseeable future.
 

About the Author

Simeon Djankov is a visiting fellow at the Peterson Institute for International Economics.

 

Summary

Vladimir Putin has ruled Russia – first as president, then prime minister, then president – since 1999. From the time he took office until 2008, unemployment and poverty rates fell by more than half, while wages grew threefold. But elitism increased as the economy shifted from encouraging fledgling ...

Get the key points from this report in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Customers who read this summary also read

More by category