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Kremlin Capitalism (Book Report)

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Essay / Research Paper Abstract

This 8 page book report examines a work in economics. The book entitled Kremlin Capitalism, written by Blasi, Kroumova & Kruse (1996) examines the state of Russia during the first part of the 1990s. The book is summarized. Some quotes are included. No additional sources are used.

Page Count:

8 pages (~225 words per page)

File: RT13_SA741KC.rtf

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Unformatted sample text from the term paper:

National Survey, taken amongst Russian business owners, is something that is quite informative as it respects privatization (Blasi, Kroumova & Kruse, 1996). The book contains five parts in addition to other portions such as tables, an introduction, a table of contents and a separate chronology. The author begins with the first part, Privatization, which is broken down into the following sections: Russias Past, From Gorbachev to Yeltsin, Some Facts on Russia, the Starting and Ending Points for This Story, Why Was Privatization Necessary, The Fight Over Privatization, The Privatization Program and How the Program Worked (Blasi, Kroumova & Kruse, 1996). The book essentially begins, in the first section, with a discussion on privatization. Authors remark: "The privatization of industries in Russia is only one part of a larger process of economic and political reforms" (Blasi, Kroumova & Kruse, 1996, p.13). Of course, that is the first sentence of the book, reinforcing the notion that this book is first and foremost about privatization and its influence in Russia after the fall of communism. The authors then take the reader back to a time before communism to provide some background about the Russian economy. For example, authors note that by 1900 there was some capitalism in Russia, but it was very weak (Blasi, Kroumova & Kruse, 1996). It is no wonder then that the Russian Revolution would change everything. There is a suggestion that the early state of Russia, and some of its failings perhaps provoked revolution. While much of what has been relayed is common fact, the authors go deeper into the aspects of privatization even after the revolution. It is noted that peasants engaged in an uprising in 1921 and so NEP or the New Economic Policy was introduced (Blasi, Kroumova & Kruse, 1996). As a result, peasants were ...

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