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Professor Gerschenkron goes to Brussels. Russian Catch-up Economics and the Common European Space

Author

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  • Stefan Hedlund
Abstract
Ongoing discussions between Russia and the EU on the formation of a Common European Economic Space bring back to mind Alexander Gerschenkron's classic essay on economic backwardness in historical perspective. This paper argues that the institutions that once produced a specific kind of catch-up economics in Czarist Russia still remain largely the same. Unless negotiations between Moscow and Brussels take into consideration such fundamental institutional incompatibility, attempts at harmonization, expressed by Brussels as an attempt tp spread Western values, will be doomed to fail. A cynical conlusion views potential convergence as adaptation by Brussels to traditional Russian institutional patterns of rule evasion, rather than a Westernization of Russia

Suggested Citation

  • Stefan Hedlund, 2006. "Professor Gerschenkron goes to Brussels. Russian Catch-up Economics and the Common European Space," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(1), pages 51-74, June.
    • Handle: RePEc:liu:liucej:v:3:y:2006:i:1:p:51-74
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    More about this item

    Keywords

    Gerschenkron; Russia; Catch-up; Brussels;
    All these keywords.

    JEL classification:

    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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