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Russia’s Crony Capitalism. The Path from Market Economy to KleptocracyAnders Åslund provides a systematic and thought-provoking account of how Russia under Putin has gone from a liberally oriented market economy to kleptocratic state capitalism. Much of the focus is on deinstitutionalization, which has undermined property rights and led to limitations of Russia’s growth potential. The narrative draws on a vast array of sources and Åslund’s unique personal experiences to provide a comprehensive picture of how Russia came to where it is today.

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