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Observation on the Nature of Russia's Virtual Economy

Observation on the Nature of Russia's Virtual Economy
Author: Gene H Chang
Publisher:
Total Pages: 0
Release: 1999
Genre:
ISBN:

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The rapid expansion in Russia of the virtual economy, a system characterized by a network of barter, has recently received much attention. This article analyzes the origin, the nature, efficiency and welfare implication, of the virtual economy. While the system is criticized by many economists as a retreat from reform, this article argues that the virtual economy has merit and economic rationality, given the special circumstances in Russia. In particular, the system results in a net welfare gain, and it functions by using its own criterion of cost efficiency.


Russia's Virtual Economy

Russia's Virtual Economy
Author: Clifford G. Gaddy
Publisher: Brookings Institution Press
Total Pages: 334
Release: 2002
Genre: Business & Economics
ISBN: 9780815731122

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Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.


The Palgrave Handbook of Digital Russia Studies

The Palgrave Handbook of Digital Russia Studies
Author: Daria Gritsenko
Publisher: Springer Nature
Total Pages: 620
Release: 2020-12-15
Genre: Social Science
ISBN: 3030428559

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This open access handbook presents a multidisciplinary and multifaceted perspective on how the ‘digital’ is simultaneously changing Russia and the research methods scholars use to study Russia. It provides a critical update on how Russian society, politics, economy, and culture are reconfigured in the context of ubiquitous connectivity and accounts for the political and societal responses to digitalization. In addition, it answers practical and methodological questions in handling Russian data and a wide array of digital methods. The volume makes a timely intervention in our understanding of the changing field of Russian Studies and is an essential guide for scholars, advanced undergraduate and graduate students studying Russia today.


Re-Constructing the Post-Soviet Industrial Region

Re-Constructing the Post-Soviet Industrial Region
Author: Adam Swain
Publisher: Routledge
Total Pages: 263
Release: 2007-04-11
Genre: Business & Economics
ISBN: 1134353812

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This book examines the political economy of attempts to restructure the Donbass, one of the Soviet Union's most important 'old economy' 'rustbelt' industrial regions. It shows how local interest groups have successfully frustrated the central government's and the World Bank's proposed market-oriented restructuring, and how a manufacturing-based regional economy is surviving, partially, with restructuring postponed.