Legal and Institutional Obstacles to Growth and Business in Russia [electronic resource] / Elaine Karen Buckberg.
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TextSeries: IMF Policy Discussion Papers; Papers on Policy Analysis and Assessment ; No. 97/8Publication details: Washington, D.C. : International Monetary Fund, 1997Description: 1 online resource (10 p.)ISBN: 1451970811 :ISSN: 1934-7456Subject(s): Corruption | Economic Reform | Organized Crime | Tax Burden | Tax Rates | Tax System | FinlandAdditional physical formats: Print Version:: Legal and Institutional Obstacles to Growth and Business in RussiaOnline resources: IMF e-Library | IMF Book Store Abstract: Although financial stabilization has laid the foundation for growth, structural reform of the economy will determine whether Russia achieves sustained medium-term growth. The next step for Russia is to create an institutional and regulatory environment that fosters investment and promotes new private sector activity. This paper examines the most critical reforms for promoting private sector development: reforming the tax system, reducing red tape and bureaucratic corruption, strengthening the judicial system, and improving capital market infrastructure.
Although financial stabilization has laid the foundation for growth, structural reform of the economy will determine whether Russia achieves sustained medium-term growth. The next step for Russia is to create an institutional and regulatory environment that fosters investment and promotes new private sector activity. This paper examines the most critical reforms for promoting private sector development: reforming the tax system, reducing red tape and bureaucratic corruption, strengthening the judicial system, and improving capital market infrastructure.
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