This program aims to study economic developments in Russia and neighboring countries, with a particular focus on the global economic crisis that is defining the economic situation throughout the world and in Russia, as well as the problems of international coordination towards overcoming the crisis. Carnegie’s experts, as well as leading Russian and international economists and political scientists, are invited to discuss these and other questions. Over the course of a number of years, the central theme on which the program experts have focused was energy, and also the extraction, processing, and transport of oil and gas, and the international trade of energy resources. In the past, program experts have explored problems such as Russia’s accession to the WTO, federal fiscal policy, innovational activities of Russian enterprises, reform of the national housing and utilities system, structural changes in big business, and the economic policy of Ukraine after the Orange Revolution.
Barack Obama Delivered His First State of the Union Address to Congress
“Where there’s a will, there’s a way”: That could be the slogan of president Obama’s second year in office, said economist and Carnegie Moscow Center expert Sergei Aleksashenko following Barack Obama’s first State of the Union Address to the U ...
Despite the common perception that the situation in Russia's energy sector depends solely on world oil prices, a range of other internal and external factors have a significant impact on the Russian energy sector’s development ...
Carnegie Endowment’s Event: Russia’s Accession to the WTO
Despite broad agreement that Russia should be a member of the World Trade Organization (WTO), sixteen years after its application process began, the country remains on the outside looking in ...
Carnegie Moscow Center’s 15th Anniversary Celebrations and Conference: “20 Years Without the Berlin Wall: Breaking Through to Freedom”
On November 18, 2009, the Carnegie Moscow Center held a conference, “20 Years Without the Berlin Wall: Breaking Through to Freedom,” marking the Center’s 15th anniversary ...
Sergei Aleksashenko Has Joined the Carnegie Moscow Center As a New Member of Its Expert Council and an Expert in Its Economic Policy Program
In September 2009, prominent Russian economist Sergei Aleksashenko, Senior Scholar and Director of Macroeconomics Studies at the Higher School of Economics, Deputy Minister of Finance (1993-1995) and First Deputy Chairman of the Russian Central Bank (1995-1998), became an Expert at the Carnegie Moscow Center ...
Presentation of the Monitoring Project on the Crisis in Russia’s Regions
How has the crisis impacted Russia’s regions? How do regional authorities interact with the federal government? What have been the economic, social, and political consequences of the crisis in recent months? What risks and trends are on the horizon? These key issues will be addressed by a new monitoring project of the Carnegie Moscow Center, “The Crisis in Russia: the Regional Dimension ...
As the G8 summit is coming to a close, what, besides drawing attention to the earthquake-struck region of Abruzzo, Italy, has been achieved during the three days of talks? Alessandro Bartolini, a visiting researcher at the Carnegie Moscow Center, writes: “The summit’s agenda covered the global economic and financial crisis, climate change, and assistance to developing countries, particularly in Africa ...
On June 30, 2009, Alexander Auzan, president of the National Project Institute – Social Contract, spoke at the Carnegie Moscow Center, presenting the project “Cooperation between State, Business and Society: A Positive Reintegration,” which was developed in 2008/2009 for the Republic of Kazakhstan ...
On June 10, 2009, the Carnegie Moscow Center held a seminar entitled “Russian Big Business during the Global Crisis.” The main speaker was Yakov Pappe, chief researcher at the Institute of Economic Forecasting, Russian Academy of Sciences ...
Despite the apparent similarities between the Great Depression and today’s crisis, the policy tasks of the day are different, and they were and are faced in different economic and political contexts ...
"Building Capitalism has all the right ingredients: It is on a critically important issue; it is based on an extraordinarily detailed knowledge of economic and political history, pre- and post- the break-up of the former Soviet Union; and it displays a full acquaintance with the literature, Anders Åslund's naturally exuberant style, and a clear point of view. Whether you agree with the argument or disagree with it, you should not be indifferent to this book. And by the end, you should fundamentally agree." — Stanley Fischer, former first deputy managing director, International Monetary Fund
"At last, post-communist economic reforms are presented in an appropriate geographic and historical perspective." —Yegor T. Gaidar, former acting prime minister of Russia
"This excellent book lays out strategies for reform that will be of use even to those countries most deeply in crisis." —George Soros, international financier and philanthropist
Released ten years after the fall of the Soviet Union, Building Capitalism, by world renowned economist Anders Aslund, provides the most comprehensive empirical analysis of the economic transformation of the countries comprising the former Soviet bloc during the past decade and challenges conventional wisdom. Åslund-who has served as economic adviser to Boris Yeltsin's government, to the Ukrainian government, and to President Askar Akaev of Kyrgyzstan- shows what has and has not worked in this comparative and intensively researched study.
He spells out the drama and intense struggle between liberal reformers, who wanted to build a normal democracy and market economy, and rent-seeking businessmen and officials, who desired to make money at the expense of the state and society in transition. Privatization has undoubtedly been beneficial, and its positive effects will grow over time, he writes. The main problem has been the continuation of large, unregulated, and ubiquitous state apparatuses living on corruption.
This monograph, written by a group of ten authors, analyzes the implementation of macroeconomic stabilizing programs in several large countries with transitional economies and developing markets. Special attention is given to questions of privatization, to the growth of the financial sector and the political economy of structural reforms. A detailed country-by-country analysis of the development of the banking sector, the role of international banks and their influence on the economy is provided. The book is intended for a broad range of readers.
This book culminates a series of lectures that were held at the Carnegie Moscow Center between 1997 and 2000 and which involved world-famous foreign economists. The volume includes selected articles from the fields of political and applied economics; these articles, originally written in English, are based on research from various countries of the world, and formed the basis of the lecture series. The publication is aimed at economists and politicians, as well as a wider audience interested in world economic reform practices.
Oil Production in Russia: State Policy and Prospects for Innovation (in Russian) This working paper examines the models of innovative development in the hydrocarbon industries of the Soviet Union, today’s Russia, and Norway. The work contributes to the study of the conditions for and obstacles to building up a new “economy of incentives to innovation rather than the economy of directives” in Russia.
Ups and Downs of the Russian Downstream These Working Papers, “Ups and Downs of the Russian Downstream,” analyze the problems and development outlook in the Russian refining sector. The papers examine problems inherited from the Soviet period and exacerbated by the upheavals of the transition years such as refineries’ low technological level and obsolete equipment, shortage of secondary refining capacity, non-rational geographical distribution of refineries around the country, poor quality products, unfavorable export structure and so on. The authors provide an in-depth analysis of the downstream development strategies of Russian vertically integrated oil companies and examine the trends in the state policy towards the oil refining sector over the last 15 years. The papers examine in detail the measures the Russian government is taking today to encourage the oil refining industry’s development, the upgrade of refineries, the improvement of product quality and a shift from exports of crude to exports of higher value-added products. A case study of oil refining and petrochemical sector policy gives an overview of the national oil companies of Brazil, Malaysia, Saudi Arabia and Kuwait, whose experience is of particular practical interest for the Russian oil refining industry.
Prospects for Transparency in the Russian Extractive Industries The authors evaluate the political, economic and social demands for and barriers to increased transparency in Russia’s extractive industries, finding significant structural obstacles on the path to strengthening public oversight of the sector. These materials follow a conference on extractive industry transparency held at the Carnegie Moscow Center in February 2007. The project is supported by the East East: Partnership Beyond Borders Program.
The G20 Meetings: No Common Framework, No Consensus By failing to recognize the global implications of domestic recovery efforts, U.S. policy makers are risking increased trade friction and a longer downturn. The United States should coordinate better with China and the EU to keep trade open while the global economy adjusts to significantly reduced U.S. demand. The April G20 meeting sidestepped the key issues dividing the United States, China, and the EU, who disagree fundamentally on the root causes of the crisis. Until the major powers reach consensus about the roots of the imbalance and coordinate policy to promote recovery, the world economy is likely to get worse before it gets better.