by Anders Aslund. This second book from the Russia Balance Sheet project (the first, The Russia Balance Sheet, by Anders ^DoAslund and Andrew Kuchins, CH, Nov'09, 47-1531) focuses on 12 topics that illuminate why Russia suffered worse than any other G-20 country in the recent global economic/financial crisis. They include "current" economic conditions, corruption, energy (in)efficiency, political factors and the (centralized) state, foreign economic policy, and the need for military and high-tech industry reform. The book concludes that while Russia successfully weathered the "perfect storm" of declining oil prices, capital outflows, and the international fallout from the conflict with Georgia, long-term structural challenges are substantial. Whether Russia will develop a federal system suitable for social development, reduce barriers to innovation and business development (caused by corruption, lack of rule of law, debilitating regulations, reliance on energy rents), and promote wellness among the population remains to be seen, as does improvement in Russian foreign policy and in US-Russia relations. The book is well written and uses very recent data, making it one of the best single sources of information about current economic conditions in Russia. The chapters on high-tech industries and military reform offer information and insights not typically provided. Summing Up: Highly recommended. --Choice
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