Transcript
  • 00:01    |    
    Initial credits
  • 00:20    |    
    Introduction by Rector Giancarlo Ibárgüen S.
  • 03:23    |    
    Beginning of Dr. Andrei Illarionov's lecture
  • 05:57    |    
    Lessons from Russia's economic decline and growth slide
    • GDP per capita in the USSR 1950-1961
    • GDP per capita in the USSR 1961-1971
    • Attempts at transition and the fall of the Soviet Union
  • 09:49    |    
    Other examples: South Korea and North Korea
  • 11:32    |    
    Cuba and Puerto Rico
  • 12:35    |    
    The results of the Russian transition
  • 13:46    |    
    Cumulative decline in GDP in Russia
  • 15:53    |    
    Why can't a transition to a market economy automatically bring prosperity?
    • Comparisons between Russia and other countries that also underwent transitions slide
    • Cumulative depth of transitional output decline
    • The economic recovery
    • A conclusion on transition
  • 19:29    |    
    Details of economic growth in Russia in the last twelve years and the implemented policies related to it slide
    • Investments
    • General Government Balance
    • General Government Revenue
    • Government expenditure
    • Loans to federal government
    • Federal Government Debt Payments
    • Inflation
    • Monopoly Tariffs Increase
    • Transfers form Private Sector to Monopoly Sector
    • The two subsectors of the non-market sector
    • Ruble Real Effective Exchange Rates
    • Non-Trivial Regularities and its Relation to Ecomic Growth
      • Fixed capital investment
      • Oil Prices and Industrial Output Growth
      • Government Regulated Electricity Prices
      • Real Effective Exchange Rate
      • General Government Expenditure
      • Non-Market Sector Size
  • 37:34    |    
    Economic growth rates under different factors
    • Planned economies versus market economies
      • The three types of economic policies in planned economies
      • Types of market economic policies
    • Russia's choice of economic policy after the transition
    • Conclusions
  • 44:48    |    
    Questions
    • You left China out of your examples. What do you think of ther liberalization process? Stiglitz argues that Russia's transition was too radical; theyn didn't allow institutions to consolidate, so their market economy was prostituted by the mafias that took control. China has undergone a slower process, allowing insititutions to form. What isn your opinion on this?
    • slide in Russian
    • slide comparison between China and India
    • slide GDP per capita China and India
    • slide government expenditures per capita China and India
    • Could you give us some comments regarding privatization? How have you strengthened private property in Russia?
    • When you showed the slide relating investments to GDP, what percentage of that investment is foreign and what percentage is domestic? Do youn think that making the Russian market more accessible to direct foreign investment will make the economy grow faster? I understand it's currently difficult for foreign investment to enter then Russian market.
    • What is your opinion on the involvement of the World Bank and the IMF in Russia's economy?
    • What portion of the oil industry in Russia is owned by the State?
    • From the countries in the region that underwent the transition under similar circumstances to Russia, which one does Russia look at as an benchmark of success? What is Russia doing to revert the effects of the disorderly transition?
  • 01:17:24    |    
    Diploma awarded to Dr. Andrei Illarionov by Rector Giancarlo Ibárgüen
  • 01:18:12    |    
    Final Credits


Reforms in Russia

New Media  | 22 de abril de 2004  | Vistas: 4654

Credits

Reforms in Russia
Andrei Illarionov

Friedrich A. Hayek Auditorium
Universidad Francisco Marroquin
Guatemala, April 22th, 2004

A New Media - UFM production. Guatemala, April 2004
Camera 1: Sergio Miranda; camera 2: Jorge Samayoa; digital editing: Sergio Miranda; index: Joseph Cole; Slides: Christiaan Ketelaar; publication: Pedro España 


Conferencista

Andrei Illarionov is a senior fellow at the Cato Institute's Center…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín