Russia's Crony Capitalism

The Path from Market Economy to Kleptocracy

By:

Anders Aslund

Format:

Hardback

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Description

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future “Full of insight and informed judgment, former diplomat Anders Åslund takes aim at the ‘authoritarian kleptocracy’ and the inner circles of power.”—John Lloyd, Financial Times This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Author Biography:

Anders Åslund is a leading specialist on economic policy in Russia, a senior fellow at the Atlantic Council in Washington, DC, and an adjunct professor at Georgetown University’s School of Foreign Service.

Release date NZ

May 28th, 2019

Author

Anders Aslund

Audience

General (US: Trade)

Illustrations

17 b-w illus.

Pages

336

Dimensions

16x24x3

ISBN-13

9780300243093

Product ID

28591388

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