Описание: The definitive insiders account of Russias painful transition to a market economy, as told by the IMFs senior man in Moscow at the time.
In 1998, President Boris Yeltsins government defaulted on Russias debts and the country experienced a financial meltdown that brought its people to the brink of disaster. In No Precedent, No Plan, Martin Gilman offers an insiders view of Russias financial crisis. As the senior representative of the International Monetary Fund in Moscow beginning in 1996, Gilman was in the eye of the storm. Now, he tells the dramatic story of Russias economic evolution following the collapse of the Soviet Union and analyzes the 1998 crisis and its aftermath.
Gilman argues that the default and collapse, although avoidable, actually spurred Russia to integrate its economy with the rest of the worlds and served as a harbinger of the recent global economic crisis. Gilman details the IMFs involvement and defends it against criticism by economist Joseph Stiglitz and others. In the 1990s, the collapse of the Soviet Union left Russia in chaos, with a barely functioning government and no consensus on the path toward a democratic and economic transformation. The smooth transition to a market economy that had been accomplished in other countries in Eastern Europe was impossible. Gilman describes the ordeal of the 1998 crisis and argues that the IMF helped Russia avoid an even greater catastrophe. He recounts Russias emergence from the IMFs tutelage and explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998.
No Precedent, No Plan offers a definitive account -- the first from an insiders perspective -- of Russias painful transition to a market economy.
