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Globalisation in Russia: The challenge of the transition to the world economy

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  1. From transition to crisis: the difficult adaptation to the global economy
    1. The evolution of Russian economy in the 1990s
    2. The 1998 financial crisis and the ambiguous role of the IMF: how globalisation failed in Russia
    3. Globalisation's costs
  2. The post-crisis growth : how globalisation is building Russian power
    1. Russia's economic transformation
    2. Moscow, the birth of a global city
    3. Russian success in the world economy
  3. Current Russian ambiguities as regards globalisation
    1. From WTO to Gazprom monopoly : Russia's contradictory globalization path
    2. Russian inclination to anti-globalisation populism
    3. The shadow of Russian globalisation fears

Fifteen years ago, the Soviet Union was a socialist authoritative country, tightly isolated from capitalist countries. Nowadays, its direct heir, Russia, is one of the quickest growing markets of the world that is strongly open on the global economy. During the 1990s, Russia underwent an extraordinary transformation from a communist dictatorship to a multi-party democracy, from a centrally planned system to a market economy, and from a belligerent enemy of the West to a cooperative partner. This change was as unexpected as exceptional. Two decades ago, only an idealist would have imagined that the "evil empire" could transform so quickly and peacefully into a democratic and capitalist ally of the West. The unprecedented nature of this switch raises the question of the role of globalization in the Russian transition to market economy. The process of globalization can be understood as the interplay of technological, economic, and political changes, leading to new patterns of trade and investment in the world. As the British-born sociologist Michael Mann puts it, "the term of globalization, refers to the extension of social and economic relations over the globe".

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