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Re: centrist victory in Russia

by ilagardien

21 December 1999 21:57 UTC





Yesterday's papers claimed that "centrists", which include 4 out of the
6 parties which will be seated in Parliament next month will hove a solid
voting block and will for the first time displace the Communists as the
main block in the Duma.  According to the NYTimes, this means that many of
the free-market reforms which were held up during the previous 7 years
will finally be enacted.

There was no hold up in the implementation of "free-market implentations" 
it is
precisely these measures that have plummeted Russia into worse poverty it 
has
seen this century - there is sufficient evidence to support this.

Ismail


Ismail Lagardien
Office of the Chief Economist and
Senior Vice President of
Development Economics
The World Bank
Washington DC
USA

202 473 9603

Visit the World Bank Chief Economist page at:
http://www.worldbank.org/knowledge/chiefecon/index.htm



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