Productivity

In the fifteen years since the collapse of the Soviet Union, the institutions and structure of the Russian economy have changed greatly Although much can be said about the inconsistency of the transition and the incompleteness of many structural reforms, there is little doubt that Russia has moved from a centrally planned economy to a genuine market economy All three main goals of the economic reform initiated fifteen years ago have been largely achieved. Prices are liberalized. Privatization is more or less complete. And the economy is now at least as open to international competition as many other market economies.