Economic Shock Therapy: Lessons for Russia from Eastern Europe


 

Publication Date: December 1991

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): William D. Eggers

Research Area: Economics

Keywords: Economy

Type: Report

Coverage: Russia (Federation)

Abstract:

Russia’s fate rests on the success or failure of Yeltsin’s economic reforms. If Yeltsin succeeds, he has a decent chance to lead Russia toward democracy, free markets, and certain prosperity. If he fails, Russia might return to authoritarianism and perhaps expansionism. It is in America’s interest as well as Russia’s that he succeed.