ISSN:
0306-8293
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
Written in January 1994, discusses the reform of the Russian economy, its severe economic decline, and how the transition to a market economy might be realized. Emphasizes the institutions of a market economy and suggests that the current "shock therapy" reform programme of stabilization of the macro-economy, liberalization of prices, and privatization of enterprises will not succeed in the absence of such institutions. These institutions include a system of property rights, a legal system, a sound currency, legal and regulatory agencies to prevent corruption and monopolization, a social safety net, and entities providing banking and credit, classified advertising, accounting, insurance and other services.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/03068299610149453
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