Is transition in the Russian economy complete?

A quarter of a century passed since the beginning of market transformation (transition) in Russia; nevertheless, there are serious doubts about whether the transition is complete. The effective transition to a new type of economy should ideally be a period of transformation, modernization and the formation of a national economic model. Only in this case can it be qualified as full, adequate, and constructive. Such combination has not taken place in Russia; it seems as if the market transformations were taking place independently, and this is the root of Russia’s many contemporary problems. The current crisis in the Russian economy primarily reflects the pendency of these tasks that were necessary to be solved from the very beginning of transformation. This crisis is first of all a focused expression and continuation of the transformation and reproduction crises in the national economy, the crisis of the current defective economic models and the then pursued economic policy...