russia is very similar to what it was in the old soviet union a study by a research group at the gaidar institute for economic policy says it worth cases growing state expenses are pounds extra or revenues but harris from business news europe magazine explains it it just amplifies the need for reform. in the beginning united states through a big push where you spend heavily on infrastructure you get that was promised turning you put some money in the system but then once you get mr green shoots of free and rise in the state needs to step back and nurture business and let's ignore state spending that's about tax credits and maybe code something he wrote or see coming into more. rushes at that station or is transitioning down to the state spending and it needs to nurture business and is not very good at it but the state if we still thinks in terms of the big question was you know we just put more money in the economy. that will that will lead to any more inflation or more imports that we want to be rid of just cause your economy seems. let's take a look at the markets. lower as opec membe

is very similar to what it was in the old soviet union to start a study by a research group at the gaidar institute for economic policy says in both cases growing state expenses are balanced by oil revenues now but arrows from business news your magazine explains it just amplifies the need for reform. from the beginning you need the state to do a big push where you spend heavily on infrastructure you get there with the promise turning you put some money in the system and then once you get this green shoots of free and rice then the state needs to step back and nurture business and that's not space spending that's about tax codes and made some europe or c. coming at them or take my view russia's at that station i was transitioning out of the states when they released an urgent business and it's not very good at it but they say that we still thinks in terms of the big push you know we'll just put more money in the economy i said well that will lead to will be more information and more import so we want to give you any growth and just cause your economic problems and that's all from me in th

combining it with russian characteristics then yeltsin seeking broad based capitalism giving people like gaidar free rule rein giving true buyers handing out and believing it's a belief that if you allow people the opportunity to be entrepreneurs to grab the assets to make things work that everything somehow would be positive sum game and that wasn't the case and therefore we don't need the state you don't need to regularize redistribute manage in the old command system so it was a typical spindle and swing from over come on over state of education to understate occasion if you want and at undermining of institutions in a free for all and liberty as we know has enormous costs for most people who haven't got the energy to fight for their rights let me ask you a minute i mean that's a another. accusation made against yeltsin is he was such a pendulum person he would go to such extremes if it was for the devil on democracy issue the economy issue defense security i mean first he braced the west by the end look at the cost of zero experience yeltsin felt that he had been betrayed by the west but th

is very much the same as it was in the old soviet union a study by economy research group at the gaidar institute says in both cases growing state expenses are balanced but extra oil revenues that hours from business news europe magazine explains just add profiles the need to reform. in the beginning united states through a big push where you spend heavily on infrastructure you get that with the promise turning you put some money in the system but then once you get this the green shoots. then the state needs to step back and the business and that's not state spending that's about tax credits and maybe some bureaucracy cutting its red tape. is a station i was transitioning out of the state spending and it needs to nurture business and it's not very good at the state that we still thinks in terms of the big push we'll just put more money in the economy as i said all that will lead to will be more information and more imports and we want to be running on a just cause or economic problems. but historically seen as part of the merging brics countries together with india china and south afric

very similar to what it was in the cold in the old soviet union a study by a research group at the gaidar institute for economic policy says in both cases growing state expenses are balanced but the extra oil revenues that arris from business news your magazine explains it just after the need for reform. in the beginning you need the states through a big push or you spend heavily on infrastructure you keep it was almost turning you put some money in the system but then once you get this sort of green shoots of free enterprise then the state needs to step back and nurture business and that's nor state spending that's about tax codes and labor codes and bureaucracy coming in firmer it's right in my view and russia is at that stage now as transitioning mounts of the state spending and it needs to nurture business and it's not very good at it this way if we still think sometimes of the big membership was you know we just put more money in the economy and this is the one that will lead to many more information more imports and we want to give you any growth just because your economy problems.

russia is very similar to what it was in the old soviet union a study by a research group at the gaidar institute for economic policy says in both cases growing state expenses are balanced by extra well revenues but an heiress from business news magazine explains it just provides the need for reform. in the beginning you need the states to do a big push where you spend heavily on infrastructure you get with the promise turning you put some money in the system and then once you get this sort of green shoots of free and arise then the state leaves step right and nurture business and that's no space spending that's about tax codes and labor codes in europe you see cutting its trade in my view russia is at that stage now where it's transitioning out of the state spending and it needs to nurture business and it's not very good at it if we still thinks in terms of the big push you know we'll just put more money in the economy as i said it will that will lead to any more information and more import so we want to give you any growth and just cause you economic problems . so you get the markets

gaidar is to come in in the general reform, then the alternative is clear. more pressure, more isolation and more demand. so, we have a general set of principles and then we try to navigate our way through each of the specific circumstances and i would be happy to talk about any of these to you would like. thanks. >> can i just ask you quickly blood do you think of someone that's been studying this region and looking at the democratic impact, what do you think caused this tectonic shifting of the plates? what are the causes? is there any common cause? >> the arab spring was surprising but it actually wasn't. we've been meeting condoleezza and 04 and 05 to say the status quo was unattainable and would keep on repeating that and that is the line we heard from the middle east analysts for quite some time now and i think we just have to acknowledge the basic facts that hypocrisy doesn't last forever and i think that there was a sense in washington that these regimes were doable. they were going to last somehow but they were somehow immune from the historical sui

gaidar is to come in in the general reform, then the alternative is clear. more pressure, more isolation and more demand. so, we have a general set of principles and then we try to navigate our way through each of the specific circumstances and i would be happy to talk about any of these to you would like. thanks. >> can i just ask you quickly blood do you think of someone that's been studying this region and looking at the democratic impact, what do you think caused this tectonic shifting of the plates? what are the causes? is there any common cause? >> the arab spring was surprising but it actually wasn't. we've been meeting condoleezza and 04 and 05 to say the status quo was unattainable and would keep on repeating that and that is the line we heard from the middle east analysts for quite some time now and i think we just have to acknowledge the basic facts that hypocrisy doesn't last forever and i think that there was a sense in washington that these regimes were doable. they were going to last somehow but they were somehow immune from the historical sui