Kremlin Capitalism

Description

Kremlin Capitalism describes Russia's massive economic transformation. It provides a wealth of data and analyses not previously available. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the challenges of corporate governance and restructuring in Russia's new private corporations. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.

First Sentence

In December 1992 the Bolshevik Biscuit Company in Moscow became one of the first large Russian factories to be sold at auction as part of the Russian government's program to transfer state-owned enterprises to private ownership.

Subjects