CAMBRIDGE: All the postcommunist countries that implemented radical reforms, except for Russia, began to see rapid growth by 1994, at the latest. Russia’s GDP, on the other hand, fell in 1995 and 1996. So why hasn’t the Russian economy benefited from the kind of liberalization that worked so well elsewhere?
CAMBRIDGE: All the postcommunist countries that implemented radical reforms, except for Russia, began to see rapid growth by 1994, at the latest. Russia’s GDP, on the other hand, fell in 1995 and 1996. So why hasn’t the Russian economy benefited from the kind of liberalization that worked so well elsewhere?