Essay on clan capitalism in Russia

L. Kosals

doi:10.1556/aoecon.57.2007.1.5

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Acta Oeconomica

Volume/Issue:: Volume 57: Issue 1

Essay on clan capitalism in Russia

Author:

L. Kosals

L. Kosals Higher School of Economics Department of Economic Sociology 3 Kochnovski proezd, Office 406 Moscow 125319 Russia

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Pages:: 67–85

Online Publication Date:: 19 Mar 2007

Publication Date:: 01 Mar 2007

Article Category:: Journal Article

DOI:: https://doi.org/10.1556/aoecon.57.2007.1.5

Keywords:: clan capitalism; clan; informal networks; Russia; P26; P52

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This paper is a description of the socio-economic system which emerged in Russia as a result of the transformation to a capitalist economy. The main actors in this system are the so-called ‘clans’ including business people affiliated with state officials and sometimes with criminal groups. In the analysis of the context of the Russian transformation a detailed study deals with the internal structure of a clan, focusing on its five main constituents (leader or ‘chieftain’, ‘core’, skilled professionals, ordinary members, agents of influence). Within clan capitalism, mechanisms of clan coordination dominate, while market mechanism and bureaucratic coordination are relatively weaker. The main features of this system are a clan-state, providing the convertibility of resources that maintain favourable conditions for clan activities; post-Soviet monopolism that is basically of a non-market character; distortion of the aims of enterprise; institutionalisation of the shadow economy; and unprotected property rights. Now clan capitalism has turned to the stage of oligarch capitalism with Putin’s clan as the core of new Russian oligarchy.

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Acta Oeconomica Periodical of the Hungarian Academy of Sciences

Print ISSN:: 0001-6373

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Péter Benczúr, Joint Joint Research Center, European Commission
Dóra Benedek, International Monetary Fund
Balázs Égert, OECD
Dániel Prinz, World Bank
Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

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Anders Åslund, Georgetown University and Advisory Council of CASE, USA
István Benczes, Corvinus University of Budapest, Hungary
Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
Fabrizio Coricelli, University of Siena, Italy
László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
Martin Kahanec, Central European University, Austria
Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
Péter Mihályi, Corvinus University of Budapest, Hungary
Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu

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Acta Oeconomica
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