Exploration on the Way of Russia's Economic Transition:Does the Way of Russia's Economic Transition Really Go Wrong?
Zhao Zhen-jiao
Abstract
Zhao Zhen-jiao
Abstract
At the beginning of independence,Russia began the comprehensive,rapid economic and political system transition in the early 1990s,because the restriction of both subjective and objective conditions had different problems in the reform process and successive 7 years' slide in economy,whose radical reform way received many criticisms.Since 1999,Russia's economy started to recover and rise,which became an economic growth point and a highlight.The positive factor that brought Russia's economy back to life is no doubt the petroleum price quotation in recent years,but the strength of new systems and the endogenous growth mechanism formation are more essential and long-term factors for its economical change and growth.The new system built by shock therapy has laid foundation for the implementation of the New Deal and cleared the obstacles on the road of advance.
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At the beginning of independence,Russia began the comprehensive,rapid economic and political system transition in the early 1990s,because the restriction of both subjective and objective conditions had different problems in the reform process and successive 7 years' slide in economy,whose radical reform way received many criticisms.Since 1999,Russia's economy started to recover and rise,which became an economic growth point and a highlight.The positive factor that brought Russia's economy back to life is no doubt the petroleum price quotation in recent years,but the strength of new systems and the endogenous growth mechanism formation are more essential and long-term factors for its economical change and growth.The new system built by shock therapy has laid foundation for the implementation of the New Deal and cleared the obstacles on the road of advance.
Key concepts: Shock therapy, Clearance, Independence (probability theory), Shock (circulatory), Economics, Politics, Transition (genetics), Economic system