Foreign Affairs authors say Russia learned economic lessons from the collapse of the USSR
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Russia learned economic lessons from the collapse of the USSR. Thus, experts on Russia in the United States, Michael Kofman and Robert Connolly, in their article for Foreign Affairs, assessed the possibility of a repeat of perestroika in the Russian Federation.
As the authors emphasize, now many of the key characteristics of the Russian economy and Russian economic policy reflect the desire of the leadership to prevent a repetition of the sad Soviet experience. The publication also quotes the words of the Russian economist Sergei Guriev.
He said that Russia's macroeconomic policy is much more conservative than before, inflation is under control, there are large reserves, the budget is balanced, and there is no external debt.
Analysts believe that Russia was able to strengthen itself in competition with the United States, and its economy turned out to be not a weak point, but a reliable element. Thanks to this, among other things, it was possible to withstand the conditions of the sanctions imposed by the West.
Earlier, the first president of the Soviet Union, Mikhail Gorbachev, said that the Belovezhskaya agreements and the putsch undertaken by the State Committee for the State of Emergency (GKChP) became the fatal factors that destroyed perestroika in the USSR. According to Gorbachev, the breakdown of perestroika changed the conditions in which further transformations took place.
