Yeltsin–Gaidar Government Reforms
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Yeltsin–Gaidar Government Reforms
The Yeltsin–Gaidar government reforms (), known also as the Gaidar reforms are the changes in the economy of Russia and public administration system carried out by the Cabinet of Boris Yeltsin and Yegor Gaidar from January 2 to December 15, 1992. The Yeltsin-Gaidar government liberalized retail prices, liberalized foreign trade, reorganized the tax system and other reforms that radically changed the economic situation in the country. The result of the reforms is Russia's transition to a market economy. During the reform of retail price liberalization, prices increased 10,000 times, and after the reform to the present day, approximately 325 times. Economic situation before the start of reforms In December 1992, Yegor Gaidar reported to the 7th Congress of People's Deputies of Russia that the primary problem at the start of the government's work was to prevent disruptions in the life support system, primarily in food supplies. According to data cited by economist Yevgeny Yasin, by ...
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Economy Of Russia
The economy of Russia is an Developing country, emerging and developing, World Bank high-income economy, high-income, industrialized, mixed economy, mixed Market economy, market-oriented economy. —Rosefielde, Steven, and Natalia Vennikova. "Fiscal Federalism in Russia: A Critique of the OECD Proposals". ''Cambridge Journal of Economics'', vol. 28, no. 2, Oxford University Press, 2004, pp. 307–18, . —Robinson, Neil. "August 1998 and the Development of Russia's Post-Communist Political Economy". ''Review of International Political Economy'', vol. 16, no. 3, Taylor & Francis, Ltd., 2009, pp. 433–55, . —Charap, Samuel. “No Obituaries Yet for Capitalism in Russia". ''Current History'', vol. 108, no. 720, University of California Press, 2009, pp. 333–38, . —Rutland, Peter. "Neoliberalism and the Russian Transition". ''Review of International Political Economy'', vol. 20, no. 2, Taylor & Francis, Ltd., 2013, pp. 332–62, . —Kovalev, Alexandre, and Alexandre Sokalev. ...
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