The Reforms of the 90-es and Today’s Russia Economic System: the Genesis of «Periphery Capitalism»

Abstract

The research is devoted to the genesis of today’s Russia economic system. It is shown, how and why the attempts to reform Soviet planned economy in the historically short term have failed and led to the result, conflicting with public expectations and the purposes, proclaimed by the reformers themselves and their supporters, why instead of competitive market economy the entirely different system emerged on the ruins of the planned economy. The key features of this system, defined as «periphery capitalism», are presented and analyzed.