Summary

Summary

New Age, Old Troubles: Political economy by the prominent Russian economist Evgeny Yasin, comprises his works from 1998 to 2004, all of which are devoted to the interrelation of societal and economic processes in modern Russia. From his analyses of different problems (such as the impact of the 1990s reforms on today s economic upturn, the influence of the state policy on investment conditions, the YUKOS case and the conflict between business and bureaucracy that it marks) Yasin draws a clear conclusion: Russia cannot achieve economic health and prosperity but following the way of democratic development.

The first section of the book includes the works of 1998–2002: «Defeat or retreat? Russian Reforms and The Financial Crisis» is devoted to the after-effects of the 1998 financial crisis; «Investment Conditions in Russia» examines the factors which influence the investment attractiveness of Russian economy; New Age, Old Troubles is a program of liberal reforms for Russian economy at the beginning of the new millenium. This section also contains «The Right Manifesto» written by Yasin for the Union of Right Forces (the political party of Russian liberals) which became its political credo, and some of his celebrated newspaper articles on the causes of the 1998 crisis and the subsequent economic growth in Russia.

The second section embraces Yasins papers and interviews of 2003–2004 which are chiefly devoted to the relationship between business and state. They concentrate on the YUKOS affair and the conflict between big business and bureaucracy that it signalizes.

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