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The “Old” and the “New” Economies of Russia: The Technological Structures, the Branch Structure of Production and Corporate Governance

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Examination of why Russia is only modestly successful in developing a post-industrial economy. While the in the West market competition intensified, the role of economic structures declined and production and technological decisions individualized, the USSR was weighed down by the Communist leadership's adherence to ideological schemes, departmental corporativism and production monopolies, within an underdeveloped infrastructure. Since the 1990s, the West has moved towards an “economy of knowledge,” but in post-Soviet Russia this movement was blocked by a reliance on older technological structures, for example, an overdeveloped mining industry and chronically underdeveloped information technology. Thus contemporary Russia remains a country with a degrading industrial-type economy.


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