About the Book: Economic Reform and Privatisation In Russia, China And India
The book deals with economic reform in USSR since 1985 particularly perestroika
and glasnost, and in Russia from 1991 relating to voucher and monetary
post-voucher privatization. It critically analyses the consequences of reform in
Russia such as 1998 economic crisis, emergence and rise of oligarch,
financial-industrial groups (FIG), underground economy, gangster capitalism and
flight of capital and brain. It has compared reform process in Russia with that
of China, viz. shock therapy versus gradualism. After analysing the economic
reform in India, it concludes that both India and Russia can learn from each
other