CAMBRIDGE: Now that President Yeltsin is reelected, will Russia grow? With a democratic government, highly educated workforce, vast natural resources, and increasing political stability (though the sacking of General Lebed gives one pause here), it should. Moreover, Russia has completed the three crucial steps of economic liberalization: it freed prices, privatized most of the economy, and finally conquered inflation. A closer look, however, reveals grounds for concern.
CAMBRIDGE: Now that President Yeltsin is reelected, will Russia grow? With a democratic government, highly educated workforce, vast natural resources, and increasing political stability (though the sacking of General Lebed gives one pause here), it should. Moreover, Russia has completed the three crucial steps of economic liberalization: it freed prices, privatized most of the economy, and finally conquered inflation. A closer look, however, reveals grounds for concern.