Common features and peculiarity of transition processes (On the book by L. M. Grigoryev “Processes of transformation”, Vol. 4)

Abstract

The book under review reveals the complexities of transition processes and the evolution of reformers, elites and society’s notions of those processes nature. Four major blocks of problems are analyzed in the monograph: the nature of Russian capitalism which is determined by special features of its formation; the generality of transition processes of the economies that found themselves in the middle income trap; the impact of social inequality on the solution of economic, social and environmental problems. The monograph proves the transformation processes success evaluation criteria, and highlights the conditions that are necessary in order to achieve positive results of reforms. The cluster approach used in the analysis of intercountry inequality makes it possible to point out a number of stylized facts showcasing the lack of convergence in the economic growth course. The paper proves that the existing scale of social inequality makes it impossible to achieve the UN Sustainable Development Goals.