Project: Russia and Eurasia Programme

Philip Hanson

The purpose of this paper is to explore Russia's economic prospects over the next decade. The aim is to identify two contrasting paths of development and the patterns of activity and policy that would put Russia on one or the other of these trajectories.

The first part of this paper is a review of Russian economic performance in the intercrisis period between Russia's financial collapse of summer 1998 and the onset of the current global crisis. The second part of the paper is an assessment of Russia performance in, and policy responses to, the international crisis. The third part of the paper looks at two broad, alternative scenarios for post-crisis development.