"This book analyzes the transition of Russia's agro-food sector from a centrally planned system to a market-oriented one. The chapters set out to explain the initial conditions of transition, describe the measures undertaken, survey the current situation, and offer perspectives on how best to continue with the reforms. Hence, the book does not only provide insights into Russia's food economy, it also gives very valuable information about the process of transition and the question: What next?". "The analysis provided in this book should help in better understanding the issues causing the cumbersome implementation of reform measures and, in doing so, might provide scholars and policymakers with advice on how to improve the transition process. In fact, one of the most important lessons from the book is that markets will continue to malfunction as long as institutions are not functioning properly."--BOOK JACKET.