State Expansion in the Russian Corporate Sector: Reasons, Courses, Dangers
Abstract
The reasons for increasing number of state-owned corporations are analyzed in this article. It is shown that the necessity of nationalization cannot be fully explained by the difference in corporate performance of state and private companies. The author of the article explains the expansion of state-owned companies in the strategic industries by inability of the Russian Government to meet national interests by redistribution of the property rights. Forming of state corporations in the manufacturing industry might be explained by the necessity to accelerate assets consolidation for companies competitive at the world market.
Keywords:
economic policy
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.