Twenty-three years after its emergence as an independent state, Russia’s institutions are still incomplete. It possesses open markets, competitive pricing, and appropriate fiscal tools to promote economic growth, but it lacks rule of law and independent courts. Paradoxically, Russia’s business community has never really championed private property rights. Instead most businesses have long operated under other countries’ rules, essentially outsourcing the law to foreign jurisdictions.Directions: Directions to the Wilson Center …read more
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