Kapitalizm: Russia's Struggle to Free Its Economy
by Rose Brady
Release Date: 01 April, 2000
I teach a survey course on Russia to graduate-level business students. I have used a variety of texts on Russia's economic transformation, always seeking one with the ideal combination of currency, readability, and insights and perspectives attuned to the businessperson rather than the typical academic. Brady's book is it. Brady's experience with BusinessWeek and her illustrative interviews with Russian citizens resonate particularly strongly with my students, who run the gamut from straight-from-undergrad-school/can't-find-Russia-on-a-map, to individuals who have done business in Russia (successfully or un- ) and want to know more about a unique (and uniquely frustrating) environment for operations and investment. I plan to continue requiring this text for my students and hope Brady provides updated editions as needed.
This is an fabulous book on how Russia turned from state socialism into a fragile, but market-based economy. Being a Business Week correspondent in Moscow the author could witness all stages of Russia's economic transformation -- starting from supply shortages and chaos of late 1991 to the formation of financial & industrial comglomerates in 1997. This book is an exciting reading because it is easy written and combines stories on both complicated economic issues and on lives of ordinary Russians, struggling to adapt to the changes.