Hello 2013: will Putin finally get serious on reform?

A blog post in The Financial Times by Sergei Alekashenko, a professor of Moscow’s Higher School of Economics, examines whether President Vladimir Putin will finally start to get serious on reform in Russia. Mr Putin has said he wants to improve the quality of the investment climate, but global experience suggests that independent and fair courts and an honest and corruption-free state are indispensable conditions for a competitive, open economy and for sustained economic growth. Mr Putin knows perfectly well that the emergence of independent courts in Russia would lead to the collapse of the political system created by him. And, the article says, he is not prepared to pay that price, so the chances for reform are slim.

Wednesday, January 9, 2013