The Seventh Edition of Russian and Soviet Economic Performance and Structure offers students a balanced perspective in understanding the Soviet past and Russia's present and future. With thorough coverage of the Soviet legacy, the transition, and the contemporary Russian economy, the text allows instruction from either ahistorical or contemporary perspective. *NEW! A major update of the critical economic issues in contemporary Russia at the dawn of the twenty-first century. *NEW! Increased coverage of the critical energy and agriculture sectors of key issues such as privatization where more and better evidence is now available. *NEW! An assessment of a full ten years of Russian economic performance under transition, including increased emphasis on the basic issues in transition and the important differences between Russia and other transition economies. *NEW! Updated terminology for easier reference by students. *Allows flexible teaching choices. New contemporary focus still allows instructors the flexibility to teach the course from a historical perspective. *Authors are established, active scholars who are widely known and well respected in the field of comparative economic syste