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Capitalism and Elite Feud: A Short Introduction Read chapter Read first chapter

2020 | OriginalPaper | Chapter

9. Dissolution of the USSR and Russian Decline in the 1990s

Author : Sambit Bhattacharyya

Published in: A History of Global Capitalism

Publisher: Springer International Publishing

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Abstract

This chapter covers the episodes leading up to the dissolution of the USSR. In particular, it analyses the impact of political, economic, and social policies such as Perestroika and Glasnost. This is followed by analysis of events surrounding the unconstitutional dissolution of the USSR and the rise of Boris Yeltsin as the new leader. The chapter analyses foreign policy of the Yeltsin government in the 1990s along with domestic economic policies of privatization and liberalisation led by Yegor Gaidar and Anatoly Chubais. Special focus is given to the economic events leading up to the Russian Bond crisis and default in 1998.

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Footnotes
1
In February, Secretary of State James Baker offered the Soviet Foreign Minister Eduard Shevardnadze, ‘iron-clad guarantees that NATO’s jurisdiction or forces would not move eastward’. On the same day in Moscow, he famously told Gorbachev that the alliance would not move ‘one inch to the east’. He argued that in a post-Cold War Europe NATO would be ‘less of a military organization, much more of a political one, would have no need for independent capability’. See Savranskaya and Blanton (2017) for details on the archival records of these conversations.
 
2
Klein (2007) reviews application of the ‘shock doctrine’ in countries around the world including in Latin America.
 
Literature
Allen, R. (2003). Farm to factory. A reinterpretation of the Soviet industrial revolution. Princeton: Princeton University Press.CrossRef
Clarke, S. (2007). The development of capitalism in Russia. London: Routledge.CrossRef
Gaidar, Y. (2007). Collapse of an Empire. Lessons for modern Russia. Washington, DC: Brookings Institution Press.
Gerschenkron, A. (1962). Economic backwardness in historical perspective, a book of essays. Cambridge, MA: Harvard University Press.
Grossman, G. (1987). Command economy. In J. Eatwell, M. Milgate, & P. Newman (Eds.), The New Palgrave dictionary of economics (Vol. I, pp. 494–495). London: Macmillan.
Klein, N. (2007). The shock doctrine: The rise of disaster capitalism. Toronto: Knopf.
Maddison, A. (2004). The world economy: Historical statistics. Paris: OECD.
Odling-Smee, J. (2006). The IMF and Russia in the 1990s. IMF Staff Papers, 53(1), 151–194.
Popov, V. (2010). Life cycle of the centrally planned economy: Why Soviet growth rates peaked in the 1950’s. CEFIR/NES working paper series. Working paper no 152.
Rosefielde, S. (2001). Premature deaths: Russia’s radical economic transition in Soviet perspective. Europe-Asia Studies, 53(8), 1159–1176.CrossRef
Stuckler, D., King, L., & McKee, M. (2009). Mass privatisation and the post-communist mortality crisis: A cross-national analysis. Lancet, 373, 399–407.CrossRef
World Bank. (2002). Transition the first ten years: Analysis and lessons for Eastern Europe and the Former Soviet Union. Washington, DC: The World Bank.CrossRef
Metadata
Title
Dissolution of the USSR and Russian Decline in the 1990s
Author
Sambit Bhattacharyya
Copyright Year
2020
Publisher
Springer International Publishing
Book
A History of Global Capitalism

Print ISBN: 978-3-030-58735-2

Electronic ISBN: 978-3-030-58736-9

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-58736-9_9