Russian Enterprises After the August Shock

The financial crisis of August 17, 1998, has created a unique situation in domestic industry. The operating conditions of virtually all business entities have been radically altered. The new "rules of the game" are being formed "as they go along," since the macro level is not pro...

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Bibliographic Details
Published in:Problems of economic transition 2001-02, Vol.43 (10), p.6-14
Main Authors: Avraamova, E., Gurkov, I.
Format: Article
Language:English
Subjects:
Economic conditions
Polls & surveys
Studies
Transition economies
Online Access:Get full text
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Summary:The financial crisis of August 17, 1998, has created a unique situation in domestic industry. The operating conditions of virtually all business entities have been radically altered. The new "rules of the game" are being formed "as they go along," since the macro level is not providing the requisite signals regarding the directions and methods of pursuing any new industrial policy, and there are no points of reference. The enterprises that experienced the August shock are independently setting up rules for interaction befitting the situation that has taken shape. What goals are they setting for themselves? What opportunities do they have? How have they perceived the changes, and what further changes are they expecting? These are the main questions that researchers of enterprise behavior must answer today.
ISSN:1061-1991
1557-931X
DOI:10.2753/PET1061-199143106