January 29, 2012

Putinomics Not Worth Emulating

Peter Passell, Foreign Policy

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Vladimir Putin's claim to political legitimacy is closed tied to his record as the strongman who brought economic order and a modicum of prosperity out of the chaos of post-Soviet, post-Yeltsin Russia. And, as he once again seeks the presidency -- this time facing unexpectedly vigorous opposition -- he'll surely be playing the economic stability card whenever possible. But this time around, it's hard to make the case that his election is key to keeping Russia on a growth track. Far from it: Putin's brand of top-down rule undermines the prospects of building a productive, diversified economy.

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TAGGED: Peter Passell, Oil, Russia, Vladimir Putin

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