Putinomics: How the Kremlin Damages the Russian Economy

This book sheds new light on the political economy of Russia under Putin's rule. The author a former EU diplomat presents a historical review of the Russian economy and 60 years of state-communist mismanagement followed by oligarchic privatization. The book offers profound insights into Putin's rule and the power mechanics of the state-dominated management of the Russian economy. It identifies and assesses the lack of rule of law together with an arbitrary and often corrupt administration that systematically discourages entrepreneurship and the emergence of an independent middle class. Fur thermore the book discusses Russia's budgetary policy its dependence on the export of natural resources state-owned enterprises and their privileges and Russia's external trade. This hard-hitting substantial analysis debunks the myth of Russia's economic might and is a must read for anyone seeking to understand the economic realities of the Eurasian continent or considering doingbusiness with Russia.