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The Piratization of Russia: Russian Reform Goes Awry

The Piratization of Russia: Russian Reform Goes Awry

Paperback

EconomicsGeneral Political Science

ISBN10: 0415315298
ISBN13: 9780415315296
Publisher: Routledge
Published: Apr 10 2003
Pages: 300
Weight: 0.84
Height: 0.81 Width: 5.34 Depth: 7.40
Language: English

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires. These self-styled oligarchs were accused of using guile, intimidation and occasionally violence to reap these rewards. Marshall I. Goldman argues against the line that the course adopted by President Yeltsin was the only one open to Russia, since an examination of the reform process in Poland shows that a more gradual and imaginative approach worked there with less corruption and a wider share of benefits.

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