Killing Growth in Russia

I want Russia to be a boring country – at least for the next few decades. In the twentieth century, Russia set an unquestionable record for all sorts of upheavals and social experiments that attracted the world’s attention. A time-out is essential.

This objective seemed to be entirely within reach – or at least possible – until the first half of 2003. Foreign correspondents accredited in Moscow complained that nothing was happening in Putin’s Russia. Investment in the Russian economy was growing fast. Unfortunately, Russia’s rulers are not accustomed to leaving the country and the rest of the world for long without something surprising to gawk at.

Instilling a feeling of insecurity is the best way to scare your population into submission and frighten away potential investors. How democratic or undemocratic a regime is usually doesn't bother investors. All they need and care about is stable, predictable rules.

To continue reading, please log in or enter your email address.

To continue reading, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you are agreeing to our Terms and Conditions.

Log in

http://prosyn.org/CeDOV0P;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.