Putinomics

2018 ◽  
Author(s):  
Chris Miller
Keyword(s):  
Economic Policy ◽  
Oil Prices ◽  
Great Power ◽  
Economic Policies ◽  
Economic Stability ◽  
Economic Strategy ◽  
The World ◽  
The Face ◽  
Vladimir Putin

When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.

Summary and Appraisal

1990 ◽  
Vol 134 ◽  
pp. 3-6
Keyword(s):  
Monetary Union ◽  
World Economy ◽  
Oil Prices ◽  
Labour Party ◽  
Economic And Monetary Union ◽  
Economic Policies ◽  
Policy Options ◽  
Foreseeable Future ◽  
The World

Our forecasts, like those of the Treasury published in the Autumn Statement, are based on the assumption that oil prices will fall back next year, as the crisis in the Gulf is resolved. We describe briefly below what might be the consequences, for the world economy and for Britain, if oil prices were to be $45 a barrel for the foreseeable future, as might happen as a result of a long war.In Chapter I our main forecasts assume the continuation of existing economic policies, which we interpret as being consistent with a gradual move towards economic and monetary union. In Chapter III we consider some of the alternative policy options which might be considered if the Labour Party wins the next election.

The World Economy

2017 ◽  
Vol 240 ◽  
pp. F3-F3
Keyword(s):  
World Economy ◽  
Output Growth ◽  
Consumer Confidence ◽  
Economic Policies ◽  
Soft Data ◽  
Medium Term ◽  
National Elections ◽  
Advanced Economies ◽  
The World ◽  
The Face

Global output growth is forecast to pick up from 3.1 per cent in 2016 to 3.3 per cent in 2017 and 3.6 per cent in 2018 – a slightly stronger acceleration than expected in February. Projected medium-term growth is still well below pre-crisis rates.A striking feature of the current conjuncture is unusual uncertainty, particularly about the interpretation of recent ‘soft’ data showing increased business and consumer confidence in the advanced economies, US economic policies, and policies in Europe in the face of national elections in the largest economies.There are significant risks to our growth forecast on both the upside and the downside but of particular concern are the downside risks related to the adoption of more populist policies in advanced economies.

scholarly journals Should China’s Economic Policy Be Resisted?

2021 ◽  
Author(s):  
Valentin K. POSPELOV ◽  
Valentina N. MIRONOVA ◽  
Petr I. CHUVAKHIN
Keyword(s):  
United States ◽  
Economic Policy ◽  
World Economy ◽  
The United States ◽  
Economic Policies ◽  
The Public ◽  
Reform Period ◽  
The World ◽  
Free Trade Policy ◽  
Economic Strengthening

China's economic policies were transformed during the reform period that started in 1979, when the most populated country in the world adopted market-based reforms. Currently, China not only has grown to become the second largest and mid income economy in the world from one of the world's poorest countries, but also actively advances the free trade policy and fills the developing niches, although the latter has caused some concerns. The Chines active economic policy along with its economic and political strengthening in addition to the tensions with the United States rise the question whether the Chinese economic policy should be resisted? This paper analyses the different aspects of China’s economic policy and intents to answer the question based on the importance of the Chinese role in the world economy and development while the public opinion toward China’s economic strengthening has been considered as well.

scholarly journals Reflections on the Economy of ASEAN countries in the face of the Covid-19 Pandemic

2021 ◽  
Vol 2 (1) ◽  
pp. 1-5
Author(s):  
Linh Benson ◽  
Tienne Nhung
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Economic Factors ◽  
Economic Stability ◽  
World Community ◽  
Production Factors ◽  
The World ◽  
The Face ◽  
Asean Countries ◽  
Negative Growth

This article discusses the Economic Reflections of Asean countries in facing the Covid-19 Pandemic in several Asean countries, namely Vietnam, Malaysia and Indonesia. Vietnam's economic growth was victorious, the economies of various countries in other Southeast Asian regions were battered by the corona virus. The process of economic growth is influenced by two kinds of factors, namely economic factors and non-economic factors. Economic factors, which are none other than production factors, are the main force affecting economic growth. Malaysia has proven to the world community that its country is capable of managing its economy even in challenging circumstances. He quoted the IMF as global economy recorded negative growth and in Indonesia it seems that contraction in income activities in some income classes is affected. In the second quarter there is a slowdown, then in the third quarter the savings are enormous. It could be that consumption, which has been a factor in economic growth, will be a challenge. In an effort to maintain economic stability during the Covid-19 pandemic. This reflects that the economies of ASEAN countries, even in the world, are currently under the same pressure due to the Covid-19 virus pandemic, the world economy this year will experience a recession.

scholarly journals Nordic economic policies in the 1970s and 1980s

1987 ◽  
Vol 41 (3) ◽  
pp. 403-456 ◽  
Author(s):  
Lars Mjøset
Keyword(s):  
Economic Policy ◽  
Political Mobilization ◽  
External Pressure ◽  
Nordic Countries ◽  
Economic Policies ◽  
Policy Model ◽  
Structural Problems ◽  
The World ◽  
The 1960S ◽  
Favorable Conditions

Although the Nordic countries are small, open economies, they were able to benefit considerably from the expansion of the world economy during the “Golden Age” of the 1950s and 1960s. They achieved industrial diversification and consolidated welfare-state reforms. Throughout this period, several economic policy routines were institutionalized. These routines may be analyzed as parts of a specific economic policy model, determined by the economic structure and the pattern of political mobilization. It seems more fruitful to distinguish five such models rather than to use the generalizing notion of a “Scandinavian model.” In the 1970s, the world economic crisis posed new challenges for the Nordic countries. In the first phase of the crisis, economic policies continued to operate in accordance with the established routines. But structural problems, new patterns of political mobilization, and new forms of external pressure forced governments to shift towards austerity policies in the late 1970s. The extent and the specificities of these shifts are compared and the degree to which the economic policy models have changed assessed. Such an analysis is a first step to answer some crucial questions now facing the Nordic countries: Was their flexible adjustment merely the result of favorable conditions during the 1960s—or is it a permanent trait? Are they now trapped between large industrial nations and dynamic newly industrializingcountries? If so, what will be the fate of their advanced welfare sectors?

Do Neoliberal Economic Policies Kill or Save Lives?

2008 ◽  
Vol 10 (3) ◽  
pp. 1-31 ◽  
Author(s):  
John Gerring ◽  
Strom C. Thacker
Keyword(s):  
Infant Mortality ◽  
Human Development ◽  
Economic Performance ◽  
Economic Policies ◽  
Economic Stability ◽  
Human Welfare ◽  
Positive Effects ◽  
The World ◽  
Neoliberal Policies ◽  
The Impact

Do neoliberal economic policies help or hinder human development? Many have argued that such policies promote economic stability and growth, which may have indirect positive effects on human welfare. Others claim that neoliberal policies retard human development. We argue that neoliberal economic policies may improve the human welfare in ways that are independent of their effects on economic performance. Specifically, this paper hypothesizes that open international trade policies, low-inflation macroeconomic environments, and market-oriented property rights regimes promote human development across the world. We test this argument by examining the impact of several measures of neoliberal policies on infant mortality rates across the world between 1960 and 1999. Results suggest that openness to imports, long-term membership in the GATT and WTO, low rates of inflation, and effective contract enforcement are each associated with lower rates of infant mortality across the world, even when controlling for countries' economic performance.

Market Welfare in the Early-Modern Ottoman Economy—A Historiographic Overview with Many Questions

2005 ◽  
Vol 48 (2) ◽  
pp. 253-276 ◽  
Author(s):  
Relli Shechter
Keyword(s):  
Early Modern ◽  
World Economy ◽  
Economic Life ◽  
Economic Regulation ◽  
Economic Stability ◽  
The World ◽  
The Face ◽  
Local Officials ◽  
Modern Economic

AbstractIn early-modern Ottoman economy the notion of market welfare proposed here meant a system that partially sti fled competition and efficiency for the sake of economic stability and equity for those established within its boundaries. Such a system worked even in the face of political decentralization when economic regulation from "above" (Istanbul and "the state") was seemingly on the wane. Discussing available research and raising questions for future study, the article examines forms of regulation from the "middle" by local officials/notables, courts, and economic institutions in cities throughout the Empire and the role of consumers in economic regulation. The article further suggests why economic opening in a later era of integration into the world economy gradually put an end to an inward-looking, early-modern economic life. Dans l'économie ottomane du début de l'ère moderne (17e–18e siècles), la notion, proposée ici, de bien-être par le marché signifiait un système qui décourageait voire étouffait partiellement compétition et efficacité dans le but d'assurer une stabilité et une équité économique à ceux compris dans son périmètre. Un tel système fonctionnait toujours même dans un contexte de décentralisation politique, alors que la régulation économique venue « d'en haut » (d'Istanbul et de « l'Etat » ) semblait être en train de s'affaiblir. Considérant la recherche effectuée à ce sujet et soulevant des nouvelles questions pour une future enquête, le présent article étudie des formes de régulation émanant du « milieu » et établies localement par des fonctionnaires/dignitaires, des tribunaux, et des institutions économiques dans des villes à travers l'Empire, ainsi que le rôle joué par les consommateurs dans ce processus. L'article tente aussi d'expliquer pourquoi l'ouverture économique durant la période postérieure, celle de l'intégration dans l'économie mondiale, a mis fin, progressivement, à une vie économique tournée vers l'intérieur qui a caractérisé le début de l'ère moderne.

Economic Policy in Chile's New Democracy

1999 ◽  
Vol 41 (3) ◽  
pp. 67-96 ◽  
Author(s):  
Kurt Weyland
Keyword(s):  
Economic Policy ◽  
Social Inequality ◽  
Poverty Alleviation ◽  
Foreign Capital ◽  
Macroeconomic Policy ◽  
Economic Policies ◽  
Economic Stability ◽  
Cautious Approach ◽  
Sustained Growth ◽  
New Democracy

The Aylwin and Frei administrations have taken a cautious approach in formulating economic policies. This article analyzes how they have maintained economic stability, fueled sustained growth, and coped with inflows of foreign capital. While achieving successes in macroeconomic policy, export development, and poverty alleviation, Chile also faces challenges, including high social inequality and the increasing difficulty of dealing with the effects of financial globalization.

scholarly journals Latin American Economic Crises and Populist Bids: Argentina, Brazil and Mexico

2020 ◽  
pp. 185-199
Author(s):  
Maria Antonieta Del Tedesco Lins
Keyword(s):  
Economic Policy ◽  
Financial Regulation ◽  
Comparative Case Study ◽  
Financial Policy ◽  
Economic Policies ◽  
Economic Crises ◽  
Case Study Analysis ◽  
Close Relationship ◽  
The Face ◽  
History Of

AbstractThrough a comparative case study analysis, the chapter seeks to retrace the recent history of Argentina, Brazil and Mexico in dealing with economic crises. Despite their different institutional arrangements and macroeconomic trajectories, the comparison shows that domestic concerns were the main drivers of economic policies. Particularly regarding each country’s approaches to exchange markets and capital controls—here called financial policy—the chapter evaluates the extent to which they contradict international perceptions and even the International Monetary Fund’s (IMF’s) stance on financial regulation and the management of capital flows. A close relationship between domestic political demands and the design of economic policy indicated that even in the face of some similarity between the challenges posed to the three countries and more than responses to changes in the world economy and the quest to keep these economies integrated, economic policy aimed to accommodate internal political pressures.

scholarly journals Performance of Indian Economy since 2000 – An Evaluation

2019 ◽  
Vol 8 (3) ◽  
pp. 914-917
Keyword(s):  
Developed Countries ◽  
Living Standard ◽  
Economic Policies ◽  
Economic Stability ◽  
Indian Economy ◽  
The People ◽  
The World ◽  
Per Capita ◽  
The Developed Countries ◽  
The Stability

Growth and development are the fundamental as well as the basic objectives of all the developing countries in the world. On the other hand, maintaining the economic stability is the major goal of all the developed countries. Each nation has her own economic policies so as to develop its economy. The development of a country can be indicated and understood by examining the major economic variables. Increasing real per capita income over a period of time will indicate the economic development of a country. Therefore, the authors made an attempt to evaluate the performance of Indian economy in terms of GNP, general price will indicate the stability of Indian economy and the living standard of people in a country. Therefore, the authorities made an attempt to evaluate the performance of Indian economy in terms of GNP, general price, imports and exports since 2000. As per the analysis on the basis of certain macroeconomic variable, the growth rate of GDP of India was greater than the per capita GDP that indicates the increasing inequality in India in the last two decades. The purchasing power of the people and the value of money are fluctuating and the economy was unstable. India’s GDP share in the world output is insignificant. The growth of imports of India is greater than the export which indicates unfavorable balance of payment in case of India’s international trade.

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