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Examines the significant failures Russia has faced under Vladimir Putin's leadership and presents an important counterpoint to a broad range of studies emphasizing Russia's resurrection, status as a persistent power, or successful military reform.

Despite Putin's claims of restoring Russia's rightful place in the world, reviving the economic and industrial capacity destroyed in the 1990s, and improving living standards, data show that the gains from the oil price bonanza of 2000-2008 have long since vanished. The success Putin has achieved in centralizing power and repressing opposition now prevents any effective changes to address Russia's long-term decline. Failures include the inability to diversify the economy, reduce corruption, reverse demographic and educational decline, alleviate poverty, or address social inequalities.

This edited volume examines how Putin's policy choices have led to Russia's inexorable decline on the global stage. Depicting Russia's inability under Vladimir Putin's rule to improve critical spheres of its national life, aggravated by military belligerence and adventurism abroad, chapters detail how Putin's policies have severely limited Russia's development and institutional stability, leaving the country without a clear leadership transition mechanism or capacity to abandon flawed policies.

Table of Contents

Introduction, Harley D. Balzer (Georgetown University, USA) and Steven A. Fisher (Finance Professional, Citibank)
Part I: Economy
1.The Failure of Putinomics, Sergei Guriev (London Business School, UK)
2.Foreign Direct Investment and International Capital: Lost in a Russian Abyss, Steven A. Fisher (Finance Professional, Citibank)
3.Russian Energy: From Leading Supplier to Purveyor of Discounted Goods, Agnia Grigas (Atlantic Council, USA)
4.Counterpoint: The Rationalization of Russian Agriculture, Allan Mustard (Former U.S. Ambassador, Turkmenistan)
Part II: Society
5.Who Are We? Russia's Post-Soviet Identity-Building Failure, Maria Snegovaya (Georgetown University, USA)
6.Protests in Civil Society in Russia, Alfred B. Evans Jr. (California State University-Fresno, USA)
7.Russian Human Capital: Decline or Demise? Harley D. Balzer (Georgetown University, USA)
8.Ethnic Diversity, Guzel Yusupova (Freie Universität Berlin, Germany)
9.How Putin's Sexism and LGBTQ-Phobia Endanger Russia's and the World's Future, Janet Elise Johnson (Brooklyn College and City University of New York, USA)
Part III: Governance
10.The Siloviki, Brian D. Taylor (Syracuse University, USA)
11.“Dictatorship of Law” or Just Dictatorship? Ivan Pavlov (Attorney, Russia)
12.Russia's Military Failures in Ukraine: Causes and Consequences, Aleksandr Golts (Swedish Institute of International Affairs)
13.How Putin Turned Foreign Policy Success into Strategic Defeat, Peter Clement (Columbia University, USA)
Afterword, Harley D. Balzer (Georgetown University, USA) and Steven A. Fisher (Finance Professional, Citibank)
Contributors
Index

Product details

Published Jul 10 2025
Format Paperback
Edition 1st
Extent 496
ISBN 9780815740834
Imprint Brookings Institution Press
Dimensions 229 x 152 mm
Publisher Bloomsbury Publishing

About the contributors

Anthology Editor

Harley D. Balzer

Anthology Editor

Steven A. Fisher

Steven A. Fisher is a career emerging markets fina…

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