, Number 5

Philip Hanson

The question addressed in this article is whether the recent strong growth of the Russian economy is sustainable. The main difficulty is assessing the conflicting evidence. Developments since the financial crisis of 1998 are reviewed, including growth performance and macro-economic management. There is an analysis of the nature and extent of Russian economic dependence on exports of oil and gas and the direction towards state control since 2003 is described.

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