What Will it Take to Improve Russia’s Economy?

Even before the drop in global oil prices, Russia’s economy was struggling due to a number of structural issues that would pose problems even if the price per barrel were higher. What will it take to improve Russia’s economy? Noted Russian economist Konstantin Sonin provides his answer in this edition of CONTEXT. Guest Konstantin Sonin is professor at the Harris School of Public Policy Studies at the University of Chicago. Until December 2014, Sonin was vice-rector at the Higher School of Economics, but was forced to resign for political reasons. Until August 2013, he was professor of Economics and vice rector at the New Economic School. His research interests include political economics, development, and economic theory. His papers have been published in leading academic journals in economics such as the Quarterly Journal of Economics, American Economic Review, Journal of Political Economy, Review of Economic Studies and political science such as American Political Science Review and American Journal of Political Science.