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Bear Traps on Russia's Road to Modernization

Clifford G. Gaddy, Barry Ickes




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 | #2093843 in eBooks |  2013-08-21 |  2013-08-21 | File type: PDF

|| ||"The book does invite suggestions for the development of a new growth paradigm that accounts for the identified economic handicaps of Russia and exploits Russian advantage" - OLGA KUZNETSOVA, Manchester Metropolitan University, Europe-Asia Studies

Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the mi...

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