Suchergebnisse

The paper analyzes confrontation concerning continuation of market reforms between main groups in Chinese elite after Tiananmen in 1989 and collapse of USSR in 1991. It considers in details the 'southern tour' of Deng Xiaoping in early 1992 and its impact on the balance of interests in Chinese elites before the 14th party congress. The paper shows also the specifics of Chinese reforms which combine market development with creation of rents for main elite groups.

The paper considers the factors explaining violent pressure of law enforcement agencies on businessmen in Russia in recent years. This phenomenon has been analyzed from the viewpoint of "destructive entrepreneurship" concept (Baumol, 1990) and "limited access order" framework (North et al., 2009). The paper stresses the key role of economic and political organizations in defending entrepreneurs' interests. It proposes a number of policy recommendations on incentive system design for law enforcement agencies and development of their public communications with business and civil society organizations.

Analyzing mass protest movements in different countries this paper argues that protests against electoral fraud in Moscow in December 2011 do not represent "Russian Spring", "Orange Revolution", or a new version of Perestroika. Rather they have more in common with the Progressive movement that fought political corruption in the U.S. during the early part of the 20th century. The author notes that protest movement can provide new chances for institutional reforms and social development but only if main elite groups are ready to cooperate in elaboration of new more open and more transparent "rules of the game".

The paper considers the behavior of Russian enterprises during the current crisis using the data of the latest survey of 1000 manufacturing firms. Special attention is paid to features of firms planning big investment for the next 12 months. The links between current investment plans, previous investment in 2005-2008 and other factors are shown. Finally we analyze the most important barriers for doing business from the point of view of investors.

Using the data of SU-HSU enterprises surveys and internal statistics of KPMG company the paper provides a non-conventional view on three economic problems which have recently been in the center of expert discussions in Russia: competitiveness of firms, corruption in the government and level of taxation. The paper argues the necessity of pragmatic approach to economic phenomena, especially under conditions of high uncertainty caused by the increasing global financial crisis.

Increasing pressure from the global market is an objective reason for the business community to seek government support. However, after the Yukos affair the Russian business has found itself in a subdued posture towards¬federal authorities. For this reason, Russian companies may be expected to more closely cooperate with regional and local administrations in pursue of more favorable conditions for business. At the same time fiscal reform and delimitation of powers between the federal center and subjects of the Federation have reduced financial capacities of regional governments, while the scope of their past liabilities has been left almost unchanged. In this situation, regional authorities, in turn, may find new incentives to change their policy posture towards the business community. In this paper we assess, using the results of a new empirical study of Russian joint stock companies, to what extent these two trends have affected real mechanisms of interaction between the business and the state at the regional level.

The paper defines major groups of influential private and public actors involved in corporate governance processes in Russia. Their main incentives and interests as well as the evolution of their relations to corporate law are analyzed. On this base opportunities of applied analysis of the demand for law in the sphere of corporate governance are discussed.