Brigitte Granville

Brigitte Granville, before taking up the position of Head of the International Economics Programme at the Royal Institute of International Affairs, was Vice-President at JP Morgan for Russia. Her extensive experience in the field of international economics includes acting as economic advisor to the Government of the Russian Federation, and as associate professor at the New Economic School in Moscow. She is the author of a wide range of books and articles, and she lectures throughout the world. She studied for her PhD at the European University Institute in Florence.

Papers Published in World Economics:

Russia’s Post-Communist Economy

Ten years after the break-up of the Soviet Union, Russia’s measured output was still showing a net decline of around 40 per cent – but with no comparable decline in average living standards, both because the output drop affected mainly the defence sectors and because Russia’s participation in international trade had increased. At the same time there was greater inequality. And despite expansion of small businesses and the service sector, industrial restructuring had made only slight progress. This reflected geographical problems as well as underdevelopment of key market institutions such as property rights, hard budget constraints and the banking system, which meant that capital and labour markets barely functioned.

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