bne IntelliNews’ editor-in-chief Ben Aris discussed the question with renowned economist and Russia scholar Barry Ickes, who is best known for coining “Russia’s virtual economy” to describe the 1990s economic barter system.
Prof Barry Ickes - head of the economics department at the Pennsylvania State University.
He is also a non-resident senior fellow with the Center on the United States and Europe at Brookings Institute and the financial director at The New Economic School in Moscow. He previously served as a chair on the board of directors of the National Council for Eurasian and East European Research.
Ben Aris, Editor-in-chief, Bne Intellinews
Ben is an Eastern Europe specialist. He previously worked with the Daily Telegraph, The Wall Street Journal and Euromoney before starting bne IntelliNews and covering EE and CEE.
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