By Thomas C. Owen
Overlaying 2 hundred years of company capitalism in Russia, from the tzarist interval via Perestroika and into the current, this paintings demonstrates the old hindrances that experience faced Russian company marketers and the continuity of Russian attitudes towards company capitalism. A provocative ultimate bankruptcy considers the results of the vulnerable company historical past for the way forward for Russian capitalism.
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Extra info for Russian Corporate Capitalism From Peter the Great to Perestroika
A comparative study of this enter- Corporations in the Russian Empire 19 prise and the Hudson's Bay Company, which operated in a similar geographic environment in Canada but enjoyed far more economic success and survives to the present day, would probably illuminate crucial institutional differences between British and Russian corporations. Certainly, the British government's liberal policies, the managerial skills of the corporate directors, and the flexibility of the local traders contrasted sharply with the Russian bureaucrats' tutelage, the inexperience of the Russian-American Company's managers in St.
As early as 1879, the coal and iron producers of the Donets and Krivoi Rog regions rationed railroad cars among themselves, especially at harvest time, when grain shipments deprived mining companies of much of the existing rolling stock. 44 Small wonder, then, that the Russian railroad network failed to service either the domestic economy or the armed forces during World War I. On the eve of the war, French military experts considered the Russian railroad system insufficient to transport the requisite numbers of soldiers and equipment to the eastern border of Germany.
Whether or not the Ural manufacturers had read La Harpe's works, they accurately sensed the failure of the tsarist government to provide such a system of guarantees. 29 However, Nicholas II and his ministers refused to reform the Russian legal system in the decade prior to World War I. 30 The effects of state sponsorship of industry were often ambiguous. Rising import tariffs provided increased protection from foreign competition, but manufacturers complained of the arbitrary and unpredictable manner in which tariffs, subsidies, interest rates, and other measures were imposed by the bureaucracy.