Employment concentration and resource allocation: one-company towns in Russia
One-company towns, towns where a single company accounts for a significant share of total employment and shapes the livelihoods of the people, are often associated with centrally planned economies.
But in fact they were common elsewhere. One-company towns had grown up in the USA towards the end of the 19th century, particularly in the industrial areas of the Mid-West, and at their peak were over 2,500 in number, accounting for up to 3% of the US population.
In the UK, the Cadbury company town of Bourneville and Lord Lever’s Port Sunlight were the best known examples.
A recent EBRD working paper takes a closer look at the phenomenon of one-company towns in Russia and comparative performance of enterprises located there by matching data on performance of Russian firms with the latest Census data on distribution of population.
Riding Russian rail: the 12.56 to Sergiev Posad
Students of Russian and Soviet history quickly learn the pivotal role that the railroads have played in the country’s economic development. In czarist times, it was the construction of the mammoth Trans-Siberian Railroad which opened up the Russian Far East, …
"Cast your mind back to another world"
As we reach the 20th anniversary of the fall of communism, Larry Sherwin reflects on the events of 1989
It was Russian business executive Alexei Mordashov who put it succinctly, jarring my own memory of the bad old days. At …
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