THE CIS COUNTRIES: SOME PECULIARITIES OF ECONOMIC DEVELOPMENT

Authors

  • Viktor BUDKIN D.Sc. (Econ.), Professor, Chief Research Fellow,Institute of World Economy and International Relations,National Academy of Sciences of Ukraine (Kiev, Ukraine) Author

Abstract

December 1991 marked the beginning of a grandiose experiment whose purpose was to establish a whole group of independent states in the territory of a world giant known as the U.S.S.R., which occupied one-sixth of the Earth. Their establishment was based on the negation of the previous Soviet model providing for the domination of one party, which had im-posed a no-choice ideology on the society, and for the administrative command system of politics and economics.

Could that experiment succeed? Certainly, especially given the successes of the countries of Central Europe (CE) and the Baltic region. Unfortunately, the path of social reform chosen by the post-Soviet countries has never actually demonstrated its effectiveness in the past two decades.

The imitation of democratic reforms led to a state of affairs where most of the population in the post-Soviet states was barred from having real influence on political processes, which are now based on the activities of clan groups. Denationalization and privatization have resulted in very high-income inequality in the society, i.e. its di-vision into a small group of super-rich oligarchs and the majority of the people with low or middle incomes (sometimes slightly higher).

There is no denying that the newly independent states (NIS) have made some progress in regaining their national identity and restoring respect for traditional customs and religion. Meanwhile, these successes could have been more significant had they been supported by the dynamic development of the economic base of the Commonwealth of Independent States (CIS)countries.

The following analysis shows that the economy is the weakest link in the process of enhancing stability in the CIS countries, and this has a negative effect on both the internal situation in the NIS and their position in the world community.

Downloads

Download data is not yet available.

References

See: EG-Polen-Ungarn, Dokumentation, Wien, Zürich, 1993, S. 278.

J.D. Sachs, The End of Poverty. Economic Possibilities for Our Time, The Penguin Press, USA, 2005, pp. 139-140.

T. Beridze, E. Ismailov, V. Papava, Tsentral’nyi Kavkaz i ekonomika Gruzii, Nurlan, Baku, 2004, pp. 124-157.

See: D. Hoffman, The Oligarchs: Wealth and Power in the New Russia, Public Affairs, New York, 2002, p. 6.

The situation is somewhat different in Kazakhstan, where Koreans, Jews and representatives of other non-titular nationalities will be found among the oligarchs.

M. Olcott, Vladimir Putin and the Geopolitics of Oil, Carnegie Endowment for International Peace, 2004, p. 19,available at [http://carnegieendowment.org/files/wp-2005-01_olcott_english1.pdf].

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody, Eco-nomic Cooperation Department of the CIS Executive Committee, Minsk, 2011, pp. 3, 6, 7.

See: R. Götz, “Wirtschaftsmacht Russland,” Osteuropa, No. 2, 2008, S. 24.

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody, p. 4.

See: Ibidem.

P. Orekhovsky, “Vlast’ i innovatsii (pochemu v Rossii ne poluchaietsia postroit’ innovatsionnuiu ekonomiku),”Obshchestvo i ekonomika, No. 9, 2009, p. 116.

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody, p. 3;Osnovnye sotsial’no-ekonomicheskie pokazateli stran SNG v 2011 godu, CIS Interstate Statistical Committee, Press Release,8 February, 2012.

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody, p. 4.

See: GDP per capita. 2010. World Economic Outlook Database, IMF, April 2011, available at [http://data. world-bank. org / data — catalog / world. development — indicators].

See: The 2010 Corruption Perceptions Index, Transparency International, 2010.

S. Knack, G. Kisunko, Trends in Corruption and Regulatory Burden in Eastern Europe and Central Asia, World Bank, Washington, D.C., 2011, p. 23.

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody,p. 9.

See: Zarabotnaia plata v mire v 2010-2011 godakh, ILO Subregional Office for Eastern Europe and Central Asia,Moscow, 2010, pp. 118-119.

See: Osnovnye sotsial’no-ekonomicheskie pokazateli gosudarstv-uchastnikov SNG za 1992 (1994)-2010 gody,p. 5.

See: N. Nazarbaev, “My stroim protsvetaiushchi Kazakhstan,” Mezhdunarodnyi kuryer, Nos 5-6, 11-24 February, 2010.

Downloads

Published

2012-04-30

Issue

Section

REGIONAL ECONOMIES

How to Cite

BUDKIN, V. (2012). THE CIS COUNTRIES: SOME PECULIARITIES OF ECONOMIC DEVELOPMENT. CENTRAL ASIA AND THE CAUCASUS, 13(2), 121-131. https://ca-c.org/CAC/index.php/cac/article/view/1347

Plaudit