Past eventInvitation Only

Russia's Economy: Are We Returning to the Soviet Model?

16 February 2010 - 4:00pm to 5:30pm

Chatham House, London


Professor Sergei Guriev, New Economic School, Moscow



President Dmitry Medvedev has frequently referred to the need to modernise the Russian economy, but there is little evidence that this rhetoric is being channelled into meaningful reform. The global economic crisis brought to an end almost a decade of rapid growth; whilst incomes have risen during this period, state intervention in the economy has also increased, opportunities to diversify away from the resource-based economy have been missed, property rights remain weak and corruption endemic. Does the statist turn since 2003 and the continuing reliance on hydrocarbon revenues suggest the return of stagnation and elements of the soviet economic model?

Professor Guriev will discuss the dynamics of Russia's economic development, and the implications of current trends for growth and political stability.

Professor Sergei Guriev is President of the Centre for Economic and Financial Research and Rector of the New Economic School in Moscow. He has also been a Visiting Assistant Professor at the Department of Economics at Princeton University. In 2006 he was selected as a Young Global Leader by the World Economic Forum. Professor Guriev has a monthly column in Forbes Russia and a biweekly column in Vedomosti. He is a board member on a number of companies, including Sberbank and Rosselkhozbank.

Attendance at this event is strictly by invitation only.