This handbook is a comprehensive up-to-date study of the Russian economy. Russian and Western authors analyze the current economic situation, trace the impact of Soviet legacies and of post-Soviet transition policies, examine the main social challenges, and propose directions for reforms.

Introduction. Transitional economies ; This report -- The macroeconomy -- Oil and natural gas : prices, production, and exports -- Markets and reform -- International transactions -- Russian military spending -- Conclusions and implications

While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successfull transitions, the latter largely in former Soviet Union, raises many...