Article | Harvard Business Review | January – February 2010

The Promise and Peril of Russia's Resurgent State

by Rawi Abdelal

Abstract

The article discusses the effect of the global financial crisis of 2008-2009 on the outlook for Russia's economic growth. The discussion focuses on the status of capitalism in Russia and the government's central role in business. A brief history of Russia's economic policy and business conditions since 2000 is given. The growth of Russia's economy and the fiscal surpluses resulting from high oil prices are mentioned. The experiences of Royal Dutch Shell, British Petroleum Co. PLC, and Enel SpA, which made business investments in Russia, are also discussed.

Keywords: Economic Growth; Economic Systems; Financial Crisis; Investment; Globalized Economies and Regions; Policy; Russia;

Citation:

Abdelal, Rawi. "The Promise and Peril of Russia's Resurgent State." Harvard Business Review 88, no. 1 (January–February 2010): 125–129.