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'We Need Millions Of Proprietors'

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Chapter Summary

For people in the West who take for granted the existence of large and small private enterprises and the prospect of inheriting from close and distant relatives, it may be difficult to appreciate that citizens of Tatarstan, as well as the all-Russia citizens, had almost nothing in their private possession at the beginning of 1990s. Even the properties in which they lived did not, as a rule, belong to them with the exception of rural areas. So, how do you create proprietors in a country where everything used to be in state ownership? There were two main approaches to addressing this crucial issue, the first being advised and sponsored by the IMF and the World bank. We may call this the 'Chubais approach', the main feature of which was the speed of de-nationalization of the Russian economy.

Keywords: President Mintimer Shaimiev; Russia; Tatarstan

10.1163/ej.9781905246458.i-226.23
/content/books/10.1163/ej.9781905246458.i-226.23
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