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Privatization and Transition in Russia in the Early 1990s by David Pitt-Watson, Carol Scott Leonard

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1   Privatization and the Russian transition

Perspectives

The Russian Mass Privatization Programme (MPP) of 1992–941 was the largest single privatization project ever undertaken, in terms of the number of companies and employees it affected. More important, it created the foundation of a market economy in Russia.

This chapter aims, first, to provide a brief background for our history of decision making in the early 1990s. We place that decision making in the context of the economic inheritance of Russia – the political, legal and constitutional mêlée within which reform was introduced, including the attempted coup in August 1991 and parliamentary opposition in September 1993. As Appel (2004: 179) cautions in her comparison of privatization in ...

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