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Bear Traps on Russia's Road to Modernization

Clifford G. Gaddy, Barry Ickes




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 | #3574967 in Books |  2013-05-03 |  2013-05-09 | Original language:English | PDF # 1 |  8.50 x.33 x5.43l,.0 | File type: PDF | 144 pages

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Bear Traps examines Russia’s longer term economic growth prospects. It argues that Russia’s growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the mi...

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