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Published in:
2009 | OriginalPaper | Chapter
The Emergence of Russian Corporations: From the Soviet Enterprise to a Market Firm
Authors : Tatiana G. Dolgopyatova, Ichiro Iwasaki, Andrei A. Yakovlev
Published in: Organization and Development of Russian Business
Publisher: Palgrave Macmillan UK
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In this chapter, the evolution of an enterprise model in the Russian economy is examined using two key events that predetermined major changes in enterprise behavior as division lines. The first was the disintegration of the Soviet Union, the swift dismantling of central planning, and the shock therapy of price liberalization in 1991–1992. The second event was the financial crisis of August 1998 and the political crisis that followed, which served as starting points for radical improvement in macroeconomic policy and strengthening of the role of the state.