Gaidar's Revolution: The Inside Account of the Economic Transformation of Russia

Aven, Petr; Kokh, Alfred

ISBN 10: 1784531227 / ISBN 13: 9781784531225

Published by I.B. Tauris & Company, Limited, 2015

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Bibliographic Details

• Title: Gaidar's Revolution: The Inside Account of the Economic Transformation of Russia
• Publisher: I.B. Tauris & Company, Limited
• Publication Date: 2015
• Language: English
• ISBN 10: 1784531227
• ISBN 13: 9781784531225
• Binding: Hardcover
• Condition: New

About this title

Synopsis

After the collapse of the Soviet Union a team of young economic reformers led by Yegor Gaidar worked to create a new economic future for Russia. Against an overwhelming threat of looming hunger and civil war, they created a market economy which is still in place today. In the face of crisis, a process of 'shock therapy'- involving the end of price regulation, the introduction of privatisation and a reduction in public spending - appeared necessary. Their plans have been the subject of controversy ever since - the path to the new economy was not smooth and Russia continued to struggle with economic crises throughout the 1990s. Yet Gaidar's plans have been widely praised for saving the country from complete collapse. For the first time in this book, the participants in the process reveal their experiences during those frantic days, their insights into Yegor Gaidar and of the formation of post-Soviet Russia. In doing so, this book provides a unique perspective on contemporary Russia, making it an indispensable resource for understanding its economic and political complexities.

About the Author

Peter Aven is a Russian banker and economist who served as Minister of Foreign Economic Relations for the Russian Federation (1991-1992). He holds a PhD in Economics from Moscow State University and is now Chairman of the Board of Directors of Alfa Bank, Russia's largest commercial bank. He is a trustee of the Centre for Economic Policy Research and a member of the Board of Directors of the New Economic School in Moscow.Alfred Kokh is a writer and economist who was a Deputy Prime Minister of the Russian Federation in the 1990s and a chief architect of Russia's privatisation. He holds a PhD in Economics from the St Petersburg Mathematics and Economics Institute of the Russian Academy of Sciences and is the author of A Crate of Vodka: An Insider View on the 20 Years That Shaped Modern Russia and The Selling of the Soviet Empire: Politics and Economics of Russia's Privatization.