Lacking secure property rights and being subject to Western sanctions, Russia can attract only fools and crooks.
For Anders Aslund's latest contributions to The Japan Times, see below:
Putin’s Russia is shakier than most believe.
The problem is that China, the largest sovereign lender in the world, is not a member, because other leading creditors complain that its loans and lending conditions are not transparent.
As the better-known children of Russia's previous generation of oligarchs have steadily left the country, the offspring of Vladimir Putin's cronies have taken their place.
Russian President Vladimir Putin's model of crony capitalism poses a genuine threat to social and political stability.
Russia's economic stagnation confronts President Vladimir Putin with a challenge he has never faced: leading the country at a time when there is no light visible at the end of the tunnel.
Ukraine's primary economic challenges are not homegrown; they are the result of Russian aggression.
Contrary to what most of the loud media commentary would have us believe, financial "austerity" or fiscal responsibility appears popular. Angela Merkel's success is proof.
The International Monetary Fund must resist pressure from its managing director and its chief economist to ease fiscal policy for countries in crisis.
Russia has shown itself to be an international spoiler with its ardent support for Syrian President Bashar Assad. The contrast with its benign policy toward Libya in 2011 reflects how Russian foreign policy changed with the return of Vladimir Putin to the Kremlin. On ...