Text resize: A A
Change contrast

Russia’s economic policy in Putin’s fourth term

Despite some initial disruption, the Kremlin’s efforts to counteract and mitigate the impact of sanctions have been quite successful. The state-led redistributive model has ensured that the authorities are well placed to respond to any disruption caused by the sanctions. In essence, the effect of the sanctions has reinforced a highly interventionist economic policy and a dominant role of the state in driving economic growth.

Is Russia’s economic policy a success or failure? The answer may strike many as self-evident. By most conventional measures, the economy has performed poorly in recent years. Between 2000 and 2008, Russia’s economy grew by an impressive seven per cent per year, driven by both rising oil prices and substantial productivity gains. Over the past ten years, however, Russia’s real GDP has risen, on average, by just one per cent per year.
To access this content, you must subscribe to NEE, or log in if you are a subscriber. Not a subscriber? Why not try it out. Plans start at just €5 per month.

November 5, 2018 - Alex Nice - Hot TopicsIssue 6 2018Magazine

Photo: Press Service of the President of the Russian Federation (CC) commons.wikimedia.org

, ,

Partners

Terms of Use | Cookie policy | Copyryight 2024 Kolegium Europy Wschodniej im. Jana Nowaka-Jeziorańskiego 31-153 Kraków
Agencja digital: hauerpower studio krakow.
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Decline
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active
Poniższa Polityka Prywatności – klauzule informacyjne dotyczące przetwarzania danych osobowych w związku z korzystaniem z serwisu internetowego https://neweasterneurope.eu/ lub usług dostępnych za jego pośrednictwem Polityka Prywatności zawiera informacje wymagane przez przepisy Rozporządzenia Parlamentu Europejskiego i Rady 2016/679 w sprawie ochrony osób fizycznych w związku z przetwarzaniem danych osobowych i w sprawie swobodnego przepływu takich danych oraz uchylenia dyrektywy 95/46/WE (RODO). Całość do przeczytania pod tym linkiem
Save settings
Cookies settings