The russian Economy at the Turning Point

Abstract

Over the quarter of the century that has passed since the beginning of the market reforms, Russia managed to gain a more solid stance in the global economy. However, during that time Russia could not completely abandon archaic social forms like those of power-and-submission or “limited access order”, as in D. North’s concept. The article analyzes how these social patterns, replicating themselves, limit the opportunities for the transition to a new stage of economic development - the one that does not predominantly rely on the access to the oil- and-gas or administrative rent, but is based on productivity and efficiency growth.