Comparative Analysis of Russian and Japanese Economic Policy
Publication date
Tuesday, 14.09.2004
Authors
Kiichi Mochizuki
Series
International Conference "Transition in the CIS: Achievements and New Challenges", Moscow, September 13-14, 2004
Annotation
For the past six years, since the 1998 economic crisis, stable growth at 4-7% has continued in Russia. The Putin Administration declared in its second term that to maintain this growth trend GDP would have to double by 2010 and attempts to realize a “ Great Russia” would have to be made. This goal cannot be achieved solely by depending on a market economy. Hence, it is necessary for Russia to appropriate an economic policy accommodating its unique circumstances and characteristics.
For the past six years, since the 1998 economic crisis, stable growth at 4-7% has continued in Russia. The Putin Administration declared in its second term that to maintain this growth trend GDP would have to double by 2010 and attempts to realize a “ Great Russia” would have to be made. This goal cannot be achieved solely by depending on a market economy. Hence, it is necessary for Russia to appropriate an economic policy accommodating its unique circumstances and characteristics.
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Kiichi Mochizuki
Professor Emeritus
Hokkaido University JAPAN
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