Russian Economic Reform. The Lessons for Transitional Economies

Publication date
Tuesday, 14.09.2004

Authors
Karl Viehe

Series
International Conference "Transition in the CIS: Achievements and New Challenges", Moscow, September 13-14, 2004

Annotation
Democracy is inherently imperfect; it is a mediocratizing process by which the necessary, but not sufficient, conditions of consensus and consent are achieved, resulting, at best, in a tentative governance. Many Western politicians and economists are critical of Russia’s reform efforts. I have a different opinion: I think Russia has made remarkable process. As noted above, democracy is a dynamic, “mediocratizing” process, but such “mediation” does not necessarily occur quickly, nor should it.

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