A Different Country. Russia’s Economic Resurgence
A Different Country. Russia’s Economic Resurgence

Author(s): Lucio Vinhas de Souza
Subject(s): Politics / Political Sciences, Economy, National Economy, Political Sciences, Economic policy
Published by: CEPS Centre for European Policy Studies
Keywords: Russia’s Economic Resurgence; Russia’s Economy; trading partner of the EU; Economic and Financial Affairs ; European Commission
Summary/Abstract: Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany’s GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic – and political – actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate–General for Economic and Financial Affairs of the European Commission, reviews the country’s evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia’s sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.

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