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Since the collapse of the Soviet Empire the new Russian Federation has had a tumultuous relationship with capitalism and foreign investment It is not surprising that twelve years have past since the fall of communism in Russia and still there are structural problems within the Russian political and economic systems Lack of political-economic precedent and reluctance for radical reform from a top-heavy government have inhibited the evolution of Russian society Although as the country matures so does the constitution and standard economic practices In my opinion the role of foreign private corporate investment in influencing Russian political-economic reforms has been meager at the best of times Not until accession into the World Trade Organization will there be a chance for a major role to be played by foreign investors as this will encourage the legislative and institutional changes needed in confirming Russias status as a democratic and market economy Past Problems with Business Development 1993-1998 Russia is moving from metacorruption that is a system which is corrupt in its very essence to venal corruption from a corrupt system to a system with corruption Sakwa 82 Russias appearance in the nineties resembled a complex society with market potential intertwined with authoritarian corruption Under the leadership of Boris Yeltsin Russia managed to establish a premature form of a market economy that has developed the habit of taking two steps forward and one step back In 1991 Yeltsin outlined his program of economic reform in what Richard Sakwa describes as liberalization stabilization privatization and restructuring Sakwa 279 In a speech to the RSFSR Congress of Peoples Deputies broadcast by TASS on October 28 1991 Yeltsin summarized his economic policies as a liberalization of prices privatization of small and middle sized business and land reform monetary stabilization and tax reform and restructuring of the financial system Rahr Although the sequence in which these priorities took place were only determined after the implementation of the reforms We now
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