Russia's economy : signs of progress and retreat on the transitional road / Charles Wolf, Jr., Thomas Lang.

Includes bibliographical references (pages 53-54).

Introduction. Transitional economies ; This report -- The macroeconomy -- Oil and natural gas : prices, production, and exports -- Markets and reform -- International transactions -- Russian military spending -- Conclusions and implications.

The good news and the bad news about the Russian economy's movement toward becoming a market economy are both abundant; however, the Russian economy can still -- 16 years after the Soviet Union's demise -- be appropriately characterized as transitional. It is the second largest of the economies considered to be transitional (China is the largest), but its position on the broad spectrum of transitional economies is not entirely clear, and neither are the pace and direction of its movement. The authors shed light on ambiguities surrounding Russia's status as a transitional economy by attempting to answer four key questions that relate to issues of interest to government decisionmakers about what Russia's economic growth can be attributed to and how transitional changes in the Russian economy have affected Russia's defense spending, defense industry, arms exports, and economic transitions with several of its trading partners.

Print version record.

English.

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