The New Political Economy of Russia

Preface vii 1 Introduction 1(8) 2 Accounting for Growth 9(34) 2.1 The Productivity Challenge 17(12) 2.2 The Investment Challenge 29(9) 2.3 The 2001 Survey on Reform Priorities 38(5) 3 The Political Context of Economic Reform 43(24) 3.1 Government Accountability during the Yeltsin Presidency 45(11) 3.2 Government Accountability during the Putin Presidency 56(11) 4 Structural and Institutional Reforms 67(68) 4.1 Incentives and Failure of the Post-Soviet Judicial System 69(28) 4.2 Regulation and Rent-Seeking Bureaucracy 97(9) 4.3 Banking-Sector Failure and Reform 106(15) 4.4 Social-Sector Reforms 121(14) 5 International Accountability: The Prospect of Accession to the World Trade Organization 135(10) 5.1 Costs and Benefits of WTO Accession 136(5) 5.2 Russian Accession Strategy and WTO Accession as an External Anchor 141(1) 5.3 Accompanying Policies 142(3) 6 Conclusions 145(6) Notes 151(4) References 155(8) Index 163