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Peter Westin launches In from the Cold: the rise of Russian capitalism

BSR Russia

Russia’s transformation from central planning to a market-based economy over the past 20 years must rank as one of the biggest economic stories of our time, according to a new book on the rise of Russian capitalism. launched in London by its editor, Peter Westin, Chief Equity Strategist and Economist for ATON, Russia’s oldest independent investment group.

Like the editor, many of the contributors to this book have lived and worked in Russia for much of the past 20 years, not only bearing witness to that country’s remarkable economic transformation but participating in the dynamic capital markets that sprang from almost nothing.

The authors – all economic and finance professionals who have invested in the nuts and bolts of the Russian transformation – demonstrate why the positive economic achievements of the last 20 years should be more widely recognized in the West.

For example, the Russian government has been far more fiscally prudent than many Western countries, taking advantage of high oil prices to create a fiscal fund that by the end of 2008 held a combined $225bn, much strengthening the nation’s public finances.

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