The International Economic Crisis And The Post Soviet States

At first, it seemed as if the international financial crisis that broke out in 2008 would have little effect in Russia and the other post-Soviet states. But, by the end of the year, growth was slowing, banks were reluctant to lend, share values had collapsed and unemployment was rising inexorably. The stability of the Putin leadership, it appeared, had been built on the turnaround in economic performance that it had managed to achieve over more than a decade. How would it cope with a sudden reversal? In Ukraine, living standards fell even more sharply. In Belarus, there were fewer obvious signs of economic difficulty, but it could hardly be unaffected by the performance of its major trading partners. Drawing on a wide range of evidence, an international group of scholars address the impact of the international financial crisis in the post-Soviet states and the continuing implications of the crisis for these countries themselves and for the wider world. This book was published as a special issue of the Journal of Communist Studies and Transition Politics, now known as East European Politics.

The breakup of the Soviet Union led to the creation of new states and territorial conflicts of different levels of intensity. Scrutinising the post‐Soviet period, this volume offers explanations for both the frequency and the intensity of crises in the region. This book argues that the societies which emerged in the post-Soviet space share characteristic features, and that the instability and conflict-prone nature of the Soviet Union’s successor states can be explained by analysing the post-independence history of the region and linking it to the emergence of overlapping economic, political and violent crises (called 'Intersecting Crises Phenomena’). Transformation itself is shown to be a decisive process and, while acknowledging specific national and regional characteristics and differences, the authors demonstrate its shared impact. This comparison across countries and over time presents patterns of crisis and crisis management common to all the successor states. It disentangles the process, highlighting the multifaceted features of post-Soviet crises and draws upon the concept of crisis to determine the tipping points of post-Soviet development. Especially useful for scholars and students dealing with the Soviet successor states, this book should also prove interesting to those researching in the fields of communist and post‐communist Studies, Eurasian politics, international relations and peace and conflict studies.

In the context of the Soviet economic crisis of 1991, this work offers the views of 12 economists - half from the USSR, half from the West. While all agree on the need for a market economy, the Soviet writers here argue for a markedly more gradual change than do their Western counterparts.

Originally published in 2004. The collapse of the USSR and the emergence of 15 new states from its ashes presents another challenge to the global economy: how to reintegrate the post-Soviet space into the international economy. The spread of liberal market ideology and integration of national economic spaces into a global marketplace faces unique difficulties in the former USSR. This insightful volume explains these challenges, showing how Soviet legacies have worked against a smooth re-entry of Russia, Ukraine and Belarus into the global economy. It also demonstrates how and why global economic forces have had very uneven effects in the area, how the area differs from other parts of the post-communist world where reintegration has proceeded more smoothly, and what the future prospects and political implications are for the region in the global economy.

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.

The contributors not only study state breakdown but compare the consequences of post-communism with those of post-colonialism.

This title was first published in 2001: Based on extensive research, this trilogy provides new insights into Post-Soviet transformations without taking refuge in the traditional assumption that Russia is unique. Using powerful analytical tools, this trilogy marks the re-integration of the Former Soviet Union (FSU) into the main current of political science. An invaluable resource for all those interested in Russia and the Post-Soviet states. This first volume focuses on state, sectoral, and transnational actors from a predominantly rational choice perspective. The book includes an extensive introduction by the editor which uses additional material gathered by the project team on two polls, 1999 and 2000, which, in addition to the individual studies, provide sufficient data to obtain unprecedented insights into the basic preferences and the logic of action of the main players in Russia. The outcomes of this research will be particularly relevant for students, researchers, journalists and decision-makers interested in Russia and the Post-Soviet states’ politics, international relations, economics, social policy and sociology.

This US report argues that Russia's economic crisis presents an opportunity to deepen American and European economic ties with Russia and integrate the country more firmly in the international system, something that could, over time, bring Russian and Western interests closer together.