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This book presents a theoretical and empirical investigation of sustainable economic growth in Russia. The ill-planned transition in the 1990s from planned economy to market economy resulted in a sharp decline in national production; however, Russian economic growth was evident in the 2000s and 2010s. Osipian here analyses whether Russia has potential to achieve sustainable economic growth, filling a gap between the continuous presence of volatile economic growth in Russia and the lack of scholarly literature in the field. This book considers Russia’s economic transition within the set of early, modern, classical, exogenous, and endogenous theories of economic growth. At the same time, thi...
No one anticipated in 1958 that, in the midst of a remarkable prosperity, Cuba would fall into Communism. It seemed impossible that an island 90 miles from the US, the most powerful Capitalistic country in the planet, could turn Communist. Yet in one year it happened, at the cost of hundreds of lives, thousands of exiles, the eradication of free press, end of freedom of speech and private education, freedom of worship and private property. Suddenly, everything belonged to the government, Cubans had to ask permission to travel abroad, if they left the island they could not return, the government decided what foods they could eat, where they had to live, what professions they could practice and what jobs were open to them. This book presents the history of how it happened, how it got started and the deceit and the treachery that made it possible. Cuba has not recovered its lost freedoms after60 plus years of Communism... and probably never will. It's a great lesson for anyone sympathetic with the radical left.
This book presents theoretical and empirical investigation of the impact of human capital on economic growth in Ukraine during the period of 1989-2009. It defines place and role of human capital in the process of transition from the exogenous to the endogenous forms of growth.