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Putinomics: Power and Money in Resurgent Russia

Online ISBN:
9781469640679
Print ISBN:
9781469640662
Publisher:
University of North Carolina Press
Book

Putinomics: Power and Money in Resurgent Russia

Chris Miller
Chris Miller
Tufts University
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Published:
5 March 2018
Online ISBN:
9781469640679
Print ISBN:
9781469640662
Publisher:
University of North Carolina Press

Abstract

When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.

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