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Thane Gustafson, "Perfect Storm: Russia's Failed Economic Opening, the Hurricane of War and Sanctions, and the Uncertain Future" (Oxford UP, 2025)

New Books in Economics

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Transformation and Turmoil: Russia's Economic Journey

This chapter examines the transformation of the Russian economy from the 1990s through the early 2010s, detailing the influx of Western investment and the cultural impact of companies like McDonald's. It highlights the subsequent geopolitical tensions that led to the withdrawal of Western businesses and a reevaluation of sanctions, alongside a portrayal of Putin’s rise to power. The narrative reflects on the complex relationships formed between Russian and Western markets and the evolving nature of economic exchanges amid ongoing conflicts.

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