Is there a ‘new deal’ in state-business relations in Russia?
The author considers the hypothesis that under certain circumstances mistrust acts as the driving force for political development whereas trust, especially in its essential paternalistic forms, preserves the unsatisfactory status quo. The problem analyses as a part of general trend in the contemporary world towards declining prestige of public institutions and taking into account the Russian specifics.
The article concerns the problem of the Russian absolutist monarchy of the XVIII - the beginning of XX-th centuries in a comparative perspective. The social function of absolutism consisted in national integration, cultural unification and social transformation of traditional society by using of legal and coercive measures. The crucial problem is the changing role of the bureaucracy which could be the main protagonist of reforms or, just the opposite – its main opponent. From this point of view the author summarizes positive and negative aspects of absolutist reforms making outlook on the comparative experience of other absolutist empires of Europe and Asia.
How do Russian leaders balance the need to decentralize governance in a socially and politically complex country with the need to guarantee political control of the state?
Since the early 2000’s Russian federal authorities have arranged a system of political control on regional elites and their leaders providing a ‘police control’ of special bodies subordinated by the federal centre on policy implementation in the regions. Different mechanisms of fiscal federalism and investment policy were used to ensure regional elites’ loyalty and a politically centralized but administratively decentralized system was created.
Asking clear, direct and theoretically informed questions about the relationship between federalism, decentralisation and authoritarianism, this book explores the political survival of authoritarian leaders, the determinants of policy formulation and theories of federalism and decentralization, to reach a new understanding of territorial governance in contemporary Russia. An important work for students and researchers in Russian studies and regional and federal studies.
The article analyzes the competitiveness of the Russian economy in comparison with the leading economies of the world in the context of Russia's WTO accession on aspects such as the level of interest rates and the availability of financial resources, the dynamics of energy prices, condition of fixed assets and investment activity, investment climate. We outline the basic negative tendencies, hindering the development of the economy and reducing its attractiveness to investors. Based on these results it can be argued that WTO accession will not lead to significant improvement of the investment climate and economic efficiency, and without the implementation of measures to address the problems considered, it can be a catalyst for the negative trends in Russian economy.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.