Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows

The article provides a comparative assessment of the socio-economic development results of 12 post-Soviet countries (excluding the Baltic countries) in the period from 1992 to 2019. Based on the analysis of the dynamics of real GDP and GDP per capita, it is concluded that the most successful were so...

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Autores principales:	M. Yu. Golovnin, R. S. Grinberg
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2021
Materias:	post-soviet economies real gdp gdp per capita economic policy investment ratio social problems primitivization of economy International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/6235dc9c0a06422f9a42751d2fc0ef47
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spelling	oai:doaj.org-article:6235dc9c0a06422f9a42751d2fc0ef472021-11-07T14:45:05ZOutcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows2542-02402587-932410.23932/2542-0240-2021-14-5-1https://doaj.org/article/6235dc9c0a06422f9a42751d2fc0ef472021-11-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/864https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The article provides a comparative assessment of the socio-economic development results of 12 post-Soviet countries (excluding the Baltic countries) in the period from 1992 to 2019. Based on the analysis of the dynamics of real GDP and GDP per capita, it is concluded that the most successful were some countries of Central Asia (Turkmenistan, Kazakhstan) and Armenia. It is noted that in terms of economic development, significant convergence with Russian indicators has been achieved by Kazakhstan and Belarus. The successful economic dynamics was due to the active role of the state, the regulation of exchange rate dynamics and the achievement of a relatively high rate of investments to GDP at certain stages of economic development. On the whole, the problem of high inflation, which was relevant in the 1990s, has been overcome. Social problems of poverty and inequality persist in individual countries, high dependence on external factors of economic dynamics, instability of the exchange rate dynamics and primitivization of the economy still remain as important problems in the region. It is emphasized that the factors of economic growth that operated in the post-Soviet countries during the period under review are coming to an end, which requires a search for a new economic model.M. Yu. GolovninR. S. GrinbergАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlepost-soviet economiesreal gdpgdp per capitaeconomic policyinvestment ratiosocial problemsprimitivization of economyInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 14, Iss 5, Pp 6-29 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	post-soviet economies real gdp gdp per capita economic policy investment ratio social problems primitivization of economy International relations JZ2-6530
spellingShingle	post-soviet economies real gdp gdp per capita economic policy investment ratio social problems primitivization of economy International relations JZ2-6530 M. Yu. Golovnin R. S. Grinberg Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
description	The article provides a comparative assessment of the socio-economic development results of 12 post-Soviet countries (excluding the Baltic countries) in the period from 1992 to 2019. Based on the analysis of the dynamics of real GDP and GDP per capita, it is concluded that the most successful were some countries of Central Asia (Turkmenistan, Kazakhstan) and Armenia. It is noted that in terms of economic development, significant convergence with Russian indicators has been achieved by Kazakhstan and Belarus. The successful economic dynamics was due to the active role of the state, the regulation of exchange rate dynamics and the achievement of a relatively high rate of investments to GDP at certain stages of economic development. On the whole, the problem of high inflation, which was relevant in the 1990s, has been overcome. Social problems of poverty and inequality persist in individual countries, high dependence on external factors of economic dynamics, instability of the exchange rate dynamics and primitivization of the economy still remain as important problems in the region. It is emphasized that the factors of economic growth that operated in the post-Soviet countries during the period under review are coming to an end, which requires a search for a new economic model.
format	article
author	M. Yu. Golovnin R. S. Grinberg
author_facet	M. Yu. Golovnin R. S. Grinberg
author_sort	M. Yu. Golovnin
title	Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
title_short	Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
title_full	Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
title_fullStr	Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
title_full_unstemmed	Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows
title_sort	outcomes of 30 years of economic transformation in the post-soviet space: light and shadows
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2021
url	https://doaj.org/article/6235dc9c0a06422f9a42751d2fc0ef47
work_keys_str_mv	AT myugolovnin outcomesof30yearsofeconomictransformationinthepostsovietspacelightandshadows AT rsgrinberg outcomesof30yearsofeconomictransformationinthepostsovietspacelightandshadows
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Outcomes of 30 Years of Economic Transformation in the Post-Soviet Space: Light and Shadows

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