Abstract
Both the European Union and the United States have recently declared that Russia now enjoys a market economy. In a further evaluation, very similar to that of EU, the U.S. Commerce Department has announced that “Russia has made tremendous econom[ic] changes...over the last decade” (Slevin, 2002). In this contribution, I question the validity of these claims and suggest that Russian remains a long way short of a fully-fledged market economy.
Keywords
- Public Choice
- Credit System
- Land Plot
- Simple Majority Rule
- Electronic Vote
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© 2004 Kluwer Academic Publishers
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Stepykina, E. (2004). Is Russia a Market Economy?. In: Rowley, C.K., Schneider, F. (eds) The Encyclopedia of Public Choice. Springer, Boston, MA. https://doi.org/10.1007/978-0-306-47828-4_126
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DOI: https://doi.org/10.1007/978-0-306-47828-4_126
Publisher Name: Springer, Boston, MA
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