Russian eyes are smiling. (Russian financial situation)(Cover Story)

The post-communist economic situation in Russia has become a little more favorable as compared to previous assessments. One significant development is the reestablishment of private ownership and decentralized planning. Furthermore, foreign investment has steadily climbed since the start of the economic transformation. Nevertheless, the Russian economy has still many problems to hurdle, notably the stabilization of the infant capital markets.

Colin Jones draws an optimistic scenario from Russia where, he says, the post-communist transformation has become irreversible

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