OECD Reviews of Regulatory Reform

ISSN :
1990-0481 (online)
ISSN :
1563-4973 (print)
DOI :
10.1787/19900481
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This series presents the results of country peer reviews of regulatory reform in OECD countries. They present an integrated assessment of regulatory reform in framework areas such as the quality of the public sector, competition policy and enforcement, and market openness. They also contain chapters on sectors such as telecommunications, electricity, road and rail freight, and an assessment of the macroeconomic context for reform. The policy recommendations present a balanced plan of action for both short and longer term based on best international regulatory practices.

Also available in: French, Spanish
 
OECD Reviews of Regulatory Reform: Russia 2005

OECD Reviews of Regulatory Reform: Russia 2005

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Authors:
OECD
Publication Date :
17 Nov 2005
Pages :
202
ISBN :
9789264011236 (PDF) ; 9789264011229 (print)
DOI :
10.1787/9789264011236-en

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This review of regulatory reform in Russia covers the overall economic context for regulatory reform, the government’s capacity to manage regulatory reform, competition policy and enforcement, and market openness. The review also examines specifically the regulatory framework in the electricity and railway sectors.  The analysis in this review assesses Russia against a number of OECD instruments. At the same time, the review has been adjusted to take into account the specific regulatory challenges faced by the Russian authorities, as well as administrative re-organisation required.

The review contains comprehensive and detailed policy recommendations that will assist the Russian authorities in structuring and implementing regulatory reforms in order to boost economic growth, job creation, innovation and investment. The review will also help the authorities develop a more comprehensive approach in order to produce results more quickly.

Also available in: French

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  • Executive Summary
    Since the break-up of the command and control system in 1992, regulatory reform in Russia has been both an instrument and a product of change. In the Soviet era, government involvement in economic activity was pervasive. State action substituted for market mechanisms. Regulation as it is practiced in developed market economies did not exist – it was not needed in a centrally-planned economy.
  • Performance and Appraisal
    The Russian Federation has enjoyed five years of robust growth since the 1998 financial crisis. This current expansion is due in large part to the painful reforms undertaken over the previous dozen years. Nevertheless, concerns remain about Russia’s capacity to sustain high growth over the longer term, especially in view of its heavy dependence on export-oriented industries, particularly hydrocarbons.
  • Regulatory Governance
    Russia stands at a crossroads on its path to economic change. If it implements reform vigorously, the country can increase its growth rates, improve its social welfare and take a leading role in the global economy. In some areas, its performance could converge with that of OECD countries. But if Russia ignores the factors that have dogged it in the past, the future could bring only modest growth and continued marginalisation in the world economy.
  • Competition Law and Policy
    When the Russian Federation began its transition toward a market economy, competition emerged as a new and unfamiliar theme in policy making and law enforcement. In 1991, Russia created a competition authority and adopted a basic competition law. It enshrined the principle of competition in the new federal Constitution in 1993 and also in other fundamental legislation.
  • Enhancing Market Openness through Regulatory Reform
    Economic forces unleashed after the break-up of the Soviet Union have opened Russia inexorably to the outside world. Booming foreign trade – and, to a lesser extent, inward foreign investment – has rendered a return to the country’s previous state of isolation and autarky virtually unthinkable. For Russia, the issue is no longer how to open its economy, or how much, but how best to profit from its new exposure to the rest of the world. In this connection, trade policy and regulations are of decisive importance, as is the economic environment in which they are developed and applied.
  • Railways Reform
    The report Regulatory Reform of Railways in Russia1 was undertaken by the European Conference of Ministers of Transport as part of the OECD regulatory review programme. It provides a detailed analysis of the development of the Russian government’s regulatory reform programme for the rail sector.
  • Electricity Reform
    The Russian government has embarked on a highly ambitious programme of electricity reform. Russian policymakers recognise that the need for timely and appropriate investment can best be met by creating efficient electricity markets within a robust legal and regulatory framework.
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