The new political economy of russia the mit press erik berglf andrei kunov julia shvets ksenia yuaeva on amazoncom free shipping on qualifying offers an analysis of the challenges facing russias economy ten years after the transition based on recent research and data can russias recent burst of economic growth be sustained. An analysis of the challenges facing russias economy ten years after the transition based on recent research and data this is a truly outstanding analysis of the economic situation in russia after ten years of transition it takes up all the important questions is the recent revival of growth . The third part examines the new geographies of russias economic recovery from 1998 onwards a brief conclusion considers the political and economic challenges now posed by russias new . Political economy of putins russia russias dependence on resource extraction for economic wealth at the expense of investment in human resources and capital bears potential risks for russias ability to sustain domestic economic prosperity and stability in the long run. The steep drop in the price of oil is obviously having a severe impact on the russian economy russia is correctly seen as being heavily dependent on oil and gas revenues but merely categorising russia as a petro rentier nation misses some of the important nuances of its political economy
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