4. NOT SURPRISINGLY, YEGOR GAYDAR REMAINS THE PRINCIPAL ECONOMIC THINKER IN RUSSIA'S DEMOCRATIC CHOICE. HIS INSTITUTE-- ECONOMIES IN TRANSITION-- HAS DEEPENED ITS MACROECONOMIC EXPERTISE AFTER A LONG PERIOD OF FOCUS ON STRUCTURAL AND POLITICAL ECONOMIC ISSUES.
6. YAVLINSKIY'S REFLATIONARY APPROACH AIMS TO CHANNEL DOMESTIC AND FOREIGN INVESTMENT. MAINLY INTO RUSSIA'S EXTRACTIVE INDUSTRIES. DEMAND FROM THESE SECTORS FOR INVESTMENT GOODS WOULD THEN BOOST OUTPUT IN MANUFACTURING. LEADING TO AN INVESTMENT LEAD GROWTH CYCLE. OTHER KEY POINTS INCLUDE:
7. THE YABLOKO ELECTORAL LIST IS HEAVY ON ECONOMIC TALENT. ECONOMIC POLICY DEVELOPMENT FOR YABLOKO IS DONE AT YAVLINSKIY'S EPI-CENTER (THE CENTER FOR ECONOMIC AND POLITICAL RESEARCH). LEADING MEMBERS OF THE YABLOKO FACTION ARE ON THE EPICENTER STAFF AND YABLOKO DEPUTIES HAVE PLAYED A CRUCIAL ROLE IN ECONOMIC LEGISLATION OVER THE LAST TWO YEARS. THESE INCLUDE: MIKHAIL ZADORNOV, THE INFLUENTIAL HEAD OF THE BUDGET,TAXATION, FINANCE AND BANKING COMMITTEE: ALEKSEY MIKHAILOV. HEAD OF THE ECONOMIC POLICY COMMITTEE' SUBCOMMITTEE ON EXTERNAL ECONOMIC ACTIVITY AND FOREIGN INVESTMENT AND ALEKSEY MELNIKOV, AUTHOR OF THE PRODUCTION SHARING BILL.
9. PRIME MINISTER CHERNOMYRDIN'S CENTRIST BLOC. BY DEFINITION, SUPPORTS THE ECONOMIC POLICIES OF THE GOR, BUT PROMISES ADAPTATION AND MODIFICATION OF THESE POLICIES IN THE NEXT GOVERNMENT. FIRST DEPUTY PRIME MINISTER ANATOLIY CHUBAYS. THE LEAD ECONOMIC POLICYMAKER OF THE GOR. IS NOT RUNNING ON THE NDR, OR ANY OTHER LIST. HIS PROTEGE, FORMER HEAD OF THE FEDERAL BANKRUPTCY AGENCY, AND CURRENT GKI CHAIRMAN (ON LEAVE) SERGEY BELYAYEV. IS NDR'S CAMPAIGN DIRECTOR AND MAS A HIGH SPOT ON THE NDR LIST ALONG WITH FORMER MINISTER OF ECONOMY ALEKSANDR SHOKHIN. THE LATTER IS NDR'S NOMINAL ECONOMIC POLICY SPOKESMAN.
10. THE KEY "NEW" THEME OF THE NDR PROGRAM IS THAT THE "LIBERAL" STAGE OF REFORMS. WHICH HAS PREPARED A BASIS FOR THE ECONOMIC MODERNIZATION OF RUSSIA. IS COMING TO AN END. REPLACING FINANCIAL STABILIZATION AT ANY PRICE AS THE TOP PRIORITY OF ECONOMIC POLICY IS STIMULATION OF NATIONAL CAPITAL ACCUMULATION. OTHER KEY GOALS ARE THE DEVELOPMENT OF EFFECTIVE COOPERATION BETWEEN GOVERNMENT, THE PRIVATE AND STATE SECTORS: AND, IMPROVED SOCIAL PROTECTION. THE SLOGAN OF CREATING IN RUSSIA A "MIXED SOCIALLY ORIENTED ECONOMIC SYSTEM" SEEMS TO IMPLY A MOVE TOWARDS EUROPEAN SOCIAL DEMOCRACY WHICH SHOKHIN HAS TERMED "SOCIAL GOVERNMENTAL LIBERALISM."
11. IN THE FIELD OF PRIVATIZATION NDR IS PLANNING TO MAKE A "NINETY DEGREE TURN" - USING PRIVATIZATION TO GENERATE CAPITAL FOR INVESTMENT AND RESTRUCTURING INSTEAD OF FOR FINANCING THE FEDERAL BUDGET. THE CAMPAIGN PLATFORM ALSO CALLS FOR AN ENHANCED ROLE FOR THE PRIVATE SECTOR. AT THE EXPENSE OF THE STATE. IN MICROECONOMIC DECISION-MAKING.
13. ON THE MACROECONOMIC SIDE, THE FORMER FINANCE MINISTER ADVOCATES STRONG ANTI-INFLATIONARY MEASURES SINCE INFLATION CONTRIBUTES TO THE DISINTEGRATION OF SOCIETY AND THE NATIONAL ECONOMY. THE CENTRAL BANK SHOULD BE PROHIBITED FROM FINANCING THE GOR'S DEFICIT, EMISSIONS SHOULD BE BACKED BY HARD CURRENCY OR GOLD AND THE RUBLE SHOULD BE FULLY CONVERTIBLE. A CLEAR AND ORDERLY SET OF ECONOMIC POLICIES IS NEEDED IN PLACE OF TODAY'S HODGEPODGE, ACCORDING FEDOROV. ON THE FISCAL SIDE. RUSSIA NEEDS AN ORDERLY BUDGET AND TAX SYSTEM. TAX REFORM NEEDS TO SHIFT TAX COLLECTION FROM COMPANIES TO INDIVIDUALS, WITHOUT INCREASING THE OVERALL TAX BURDEN. THIS WOULD SERVE TO IMPROVE TAX COMPLIANCE,AND SUPPORT ENTREPRENEURIAL ACTIVITY. ON MICROECONOMIC POLICY. FEDOROV WANTS TO PUT BUSINESS ACTIVITY IN ORDER ON THE BASIS OF LAW RATHER THAN BUREAUCRATIC CONTROL.
15. PART OF GLAZYEV'S ECONOMIC PLATFORM IS BASED ON A CENTRAL ROLE FOR INDUSTRIAL POLICY IN PROMOTING A TECHNOLOGY- DRIVEN ECONOMIC RECOVERY. GLAZYEV, WHO WAS NAMED A FULL DOCTOR OF SCIENCES AT THE UNHEARD OF AGE OF 29. BASED HIS DISSERTATION ON THE CONCEPT THAT THE DISTORTIONS IN THE SOVIET ECONOMY AROSE FROM A MULTIPLICITY OF "TECHNOLOGICAL PARADIGMS" IN THE ORGANIZATION OF PRODUCTION. (NOTE: THIS CONCEPT APPEARS TO BE THE PRODUCT OF MARXIST-LENINIST ECONOMICS FILTERED THROUGH THE SOVIET SCHOOL OF MATHEMATICAL CENTRAL PLANNING. ACADEMICIAN SERGEY LVOV, DIRECTOR OF THE CENTRAL ECONOMIC AND MATHEMATICAL INSTITUTE. IS A CLOSE ADVISOR AND GLAZYEV CONTINUES TO MAINTAIN STRONG TIES TO THE ECONOMIC INSTITUTES OF THE RUSSIAN ACADEMY OF SCIENCES.) YURIY SKOKOV IS ALSO APPARENTLY AN ADEPT OF THE "TECHNOLOGICAL PARADIGM" APPROACH TO ECONOMIC POLICY.
16. GLAZYEV CALLS FOR THE CENTRAL GOVERNMENT TO IMPLEMENT STRUCTURAL REFORMS TO REVITALIZE INDUSTRY AND PROVIDE GDP GROWTH. PRIVATIZATION OF ENTERPRISES IS SECONDARY TO STRUCTURAL REFORM. (FELLOW KRO CANDIDATE SERGEY BURKOV. CHAIRMAN OF THE DUMA PRIVATIZATION COMMITTEE SEEMS TO ARGUE SIMILARLY.) HE PLACES LITTLE EMPHASIS ON TRADITIONAL MACROECONOMIC TOOLS AND BELIEVES LOOSER MONETARY POLICY IN THE FORM OF CENTRALIZED CREDITS TO INDUSTRY ARE WORTH THE ATTENDANT JUMP IN INFLATION. AS MINISTER OF FOREIGN TRADE, GLAZYEV PRESSED FOR LIBERALIZATION OF FOREIGN TRADE COMBINED WITH SOME PROTECTION OF DOMESTIC PRODUCERS AND IMPROVED STATE CONTROL OF EXPORT AND IMPORT ACTIVITY.
17. YURIY SKOKOV'S ECONOMIC POLICY PLATFORM. PRIOR TO GLAZYEV'S JOINING THE BLOC, CALLED FOR PROTECTION OF DOMESTIC INDUSTRY, WITH LITTLE EMPHASIS ON STRUCTURAL REFORM. THE CONGRESS HAD ANNOUNCED THAT ITS POLICY WOULD BE AIMED AT ATTRACTING TRADITIONAL REGIONAL AND LOCAL ELITES, INTRODUCING SCIENTIFIC AND TECHNOLOGICAL ACHIEVEMENTS TO THE RUSSIAN ECONOMY, PROVIDING ADEQUATE SUPPORT FOR RUSSIAN SCIENCE, AND CREATING AN ADEQUATE STANDARD OF LIVING AS THE MATTER OF HUMAN DIGNITY. THE ECONOMIC POLICY VIEWS OF GENERAL LEBED, THE THIRD KEY KRO LEADER, ARE SKETCHY AT BEST.
19. SHCHERBAKOV REJECTS "MONETARISM" AS THE BASIS FOR REFORMS IN RUSSIA. THE KEY TO ECONOMIC GROWTH IS INVESTMENT. WHICH IS TO BE FINANCED FROM REVENUES FROM RUSSIA'S OIL AND GAS SECTOR. SHCHERBAKOV IS PRESIDENT OF THE INTERNATIONAL FOUNDATION FOR INVESTMENT AND PRIVATIZATION ("INTERPRIVATIZATSIYA") WHICH SEEKS TO PAIR FOREIGN INVESTORS WITH RUSSIAN PROJECTS. AND TO IMPROVE THE INVESTMENT CLIMATE FOR BOTH FOREIGN AND DOMESTIC INVESTORS.
20. REGARDING EXTERNAL FOREIGN ECONOMIC POLICY. SHCHERBAKOV HAS STATED HIS BELIEF THAT RUSSIA SHOULD NOT TRY TO INGRATIATE ITSELF WITH THE G-7. THE INVESTMENT CRISIS IN RUSSIA IS TO BE SOLVED "NOT BY CLINTON OR KOHL, BUT WITH THE HELP OF PRIVATE WESTERN CAPITAL INFLOWS." THE LACK OF APPROPRIATE POLITICAL GUARANTEES IN RUSSIA IS THE MAJOR OBSTACLE FOR ATTRACTING WESTERN INVESTMENT.
21. MIKHAIL SHMAKOV'S FEDERATION OF INDEPENDENT TRADE UNIONS, THE DESCENDENT OF THE OLD SOVIET OFFICIAL UNIONS, HAS NOT ANNOUNCED A NATIONAL ECONOMIC POLICY PLATFORM OF ITS OWN. ITS ALLIANCE WITH THE INDUSTRIALISTS IS NOT AS SURPRISING AS IT MIGHT SEEM IN THE WEST. SHMAKOV'S UNIONS INCLUDE MANAGEMENT AS WELL AS LABOR, AND HAVE REPEATEDLY BACKED THE POSITIONS OF "RED DIRECTORS" IN EMPHASIZING FULL EMPLOYMENT AND FULL USE OF INDUSTRIAL CAPACITY AS KEY ECONOMIC GOALS. PRIOR TO JOINING SHCHERBAKOV'S BLOC. SHMAKOV AND SHCHERBAKOV WERE PART OF DUMA SPEAKER IVAN RYBKIN'S LEFT CENTER COUNTERPART TO NDR.
25. THE PARTY'S "MINIMUM PROGRAM" CALLS FOR THE STEADY RETURN TO A "SOCIALIST" TYPE OF ECONOMY WITH THE TEMPORARY PRESERVATION OF PLURALISTIC ECONOMIC ACTIVITIES IN THE MEDIUM-TERM PERSPECTIVE. ACCORDING TO RUSSIAN ANALYSTS. THE "CENTRIST" LINE IS NOT IN FAVOR OF RENATIONALIZATION OF ENTERPRISES EXCEPT, PERHAPS IN THE LONG-RUN, BUT DOES ADVOCATE SELECTED "REPRIVATIZATIONS" TO ACHIEVE ITS SOCIAL GOALS, ESPECIALLY IN CASES WHERE THE EMPLOYEES "LOST OUT" IN PRIVATIZATION. SECTORAL POLICIES ARE PROJECTED TO FAVOR AGRICULTURE AND THE MILITARY INDUSTRIAL COMPLEX AT THE EXPENSE OF ENERGY AND FINANCIAL INTERESTS.
26. THE "ORTHODOX" WING OF THE CPRF SUPPORTS OUTRIGHT CANCELLATION OF THE ENTIRE LEGAL FRAMEWORK OF PRIVATIZATION ENACTED PRIOR TO THE ELECTION OF THE CURRENT DUMA. OWNERSHIP OF ENTERPRISES PRIVATIZED UNDER THESE REGIMES WOULD BE TRANSFERRED TO THEIR "LABOR COLLECTIVES". A TWO- TO THREE-YEAR PLAN OF 'NATIONAL ECONOMIC RECOVERY' WOULD BE DIRECTED TO REGIONS, PARTICULAR ECONOMIC SECTORS AND ENTERPRISES. A POLICY OF DE-STATIZATION WOULD PROVIDE A REGULATORY FRAMEWORK AND INCENTIVES FOR IMPROVING SOVIET-ERA ECONOMIC PERFORMANCE AT THE ENTERPRISE. REGIONAL AND BRANCH LEVELS.
27. BOTH TENDENCIES OF THE PARTY AGREE ON A VARIETY OF MEASURES INCLUDING: INTRODUCTION OF A "HARD" RUBLE WITH A FIXED EXCHANGE RATE OF ONE RUBLE TO THE DOLLAR; AND. A RENT CAP OF FIVE PERCENT OF PERSONAL INCOME.
28. ALLIED WITH THE COMMUNIST PARTY, PARTY LEADER MIKHAIL LAPSHIN IS JOINED AT THE TOP OF THE PARTY LIST BY DEPUTY PRIME MINISTER ALEKSANDR ZAVERYUKHA. LIKE THE COMMUNISTS. THE AGRARIANS FAVOR STRONG STATE CONTROL OF THE ECONOMY IN A "SOCIALLY-ORIENTED MIXED ECONOMY" INCLUDING PRICE CONTROLS ON ENERGY. TRANSPORTATION, MILLING AND BREAD.
29. THE AGRARIANS SUPPORT A REVIEW OF PRIVATIZATION TO RESTORE PROPERTY TO THOSE FROM WHOM IT WAS "STOLEN" IN THE VOUCHER PRIVATIZATION PROCESS. THE PARTY'S PRIMARY PLATFORM PLANK, HOWEVER. IS OPPOSITION TO THE PRIVATE OWNERSHIP, PURCHASE AND SALE OF AGRICULTURAL LAND. WITHIN THIS CONSTRAINT, THE PARTY SUPPORTS DIVERSITY OF LAND TENURE ARRANGEMENTS BEYOND MAINTENANCE OF COLLECTIVE AGRICULTURE.
31. SVYATOSLAV FEDOROV'S PROGRAM IS BASED ON PURE MICROECONOMICS. HE CALLS FOR THE ARRANGEMENT OF THE ECONOMY SO THAT EVERY INDIVIDUAL'S REVENUES ARE DIRECTLY, AND TRANSPARENTLY. DEPENDENT ON THEIR PRODUCTION. FEDOROV CLAIMS WHILE STATE OWNERSHIP IS THE "MOST INEFFECTIVE" ARRANGEMENT. THE CURRENT PRIVATIZATION PROCESS IS ALSO INEFFECTIVE, BECAUSE IT DOES NOT FUNDAMENTALLY CHANGE THE ROLE OF THE EMPLOYEE. USING THE MODEL OF HIS OWN MICROSURGERY ENTERPRISE. S.FEDOROV ADVOCATES THE TRANSFORMATION OF THE ENTIRE ECONOMY INTO "CLOSED JOINT-STOCK COMPANIES" IN WHICH EVERY STAFF MEMBER'S INCOME IS BASED SOLELY ON THE DISTRIBUTION OF PROFITS.
32. TRANSLATING HIS PROGRAM TO A COUNTRY-WIDE SCALE, FEDOROV CLAIMS THAT HIS APPROACH IS A "THIRD WAY" BETWEEN CAPITALISM AND SOCIALISM. HE PROPOSES TO GRANT 10 YEAR TAX HOLIDAYS TO STARTUPS TO FOSTER THE CREATION OF FIVE TO SIX MILLION NEW PRIVATE/WORKER-OWNED COMPANIES. HE ENVISIONS A 20 YEAR TRANSFORMATION OF RUSSIA INTO A "MORALLY BASED ECONOMY." THE PARTY OF WORKERS' SELF MANAGEMENT HAS NOT ANNOUNCED POSITIONS ON MACROECONOMIC ISSUES BEYOND ITS FISCAL EFFORTS TO SUPPORT ENTERPRISE CREATION. THE PARTY SUPPORTS BOTH PRIVATE AND COLLECTIVE OWNERSHIP OF LAND.