A different country: Russia’s economic resurgence

Lúcio Vinhas de Souza 13 June 2008

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Russia is now once again one of the ten largest economies in the world.1 Moreover, Russia is the third largest EU trade partner and one of its essential energy suppliers. This recovery makes Russia an economic – and political – actor that we cannot ignore.

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Topics:  Development

Tags:  Russia, growth, economic performance, structural reforms

Morality matters for economic performance

Guido Tabellini 22 December 2007

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Economic backwardness is typically associated with a wide range of institutional, organisational and government failures – and these along many dimensions. In numerous poor or stagnating countries, politicians are ineffective and corrupt, public goods are under-provided and public policies confer rents to privileged élites, law enforcement is inadequate, and moral hazard is widespread inside public and private organisations. There is not just one institutional failure. Typically, the countries or regions that fail in one dimension also fail in many other aspects of collective behaviour.

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Topics:  Frontiers of economic research

Tags:  morality, economic performance, individual behaviour, values

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