Post-Cold War Russia and the Missed Opportunity for Global Stability: The Faded Chance

By: Sergey Aleksashenko

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Synopsis: The collapse of the USSR sparked hopes of a peaceful 'end of history', but these were quickly dashed. Why did the opportunity for the two former superpower adversaries to become partners slip away? This book explains the complex reasons behind Russia's turbulent transformation since the dissolution of the USSR. It looks at inconsistent economic reforms, and the failure to establish democratic institutions. It also examines how the US and its allies missed opportunities to support Russia's integration into the global economic system. Drawing parallels with post-WWII Germany and Japan, the book argues that a different approach could have altered Russia's trajectory. With the West facing a prolonged hybrid war with Putin's Russia, it is crucial to understand this history to shape future policies. Written in an accessible, engaging, and insightful style by the former Russian Deputy Minister of Finance (1993-1995) and former First Deputy Chairman of the Central Bank of Russia (1995-1998), this book will appeal to anyone interested in the geopolitical dynamics of the post-Cold War era.