"Gulnaz Sharafutdinova explores the development of crony capitalism in Russia, based on the contrasting cases of Tatarstan and Nizhnii Novgorod. She argues that the corruption which accompanied the market transition seeped over into electoral politics, and was a major factor in undermining popular support for democratic institutions. This finding is a challenge to transition theory, which posits that democracy and capitalism work hand in hand.-Peter Rutland, Wesleyan University --Book Jacket.

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.

We see it everywhere: shady deals between politicians, regulators, and powerful private interests. Increasingly this is how our economy is run. If we are going to do anything about our present economic problems, and give the poor a chance, we need to eliminate crony capitalism. Although full of hair-raising stories, this book is also about solution

The return of the 'Soviet' or the 'national' in Putin's Russia? -- The white knight and the red queen : blinded by love -- Shared mental models of the late soviet period -- The new Russian identity and the burden of the Soviet past -- Constructing the collective trauma of the -- MMM for VVP : building the modern media machine -- Le cirque politique a la russe : political talk shows and public opinion leaders in Russia -- Searching for a new mirror : on human and collective dignity in Russia.

This volume provides new perspectives on crony capitalism in the Middle East. It draws on rich empirical information on the activities of political connected firms in the economy and their impact on private sector development in the region.