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Sergei Witte’s system of industrialization was one of the most significant economic modernization programmes undertaken in late nineteenth-century Russia. As Finance Minister of Russia from 1892 to 1903, Witte attempted to transform Russia from a predominantly agrarian economy into an industrial power capable of competing with Western European nations. His policies were influenced by the need to strengthen the Russian state, increase military capacity, and accelerate economic development. A major feature of the Witte system was the active role of the state in promoting industrial growth. Unlike the liberal capitalist model of Western Europe, ______ ____ _________ ___ __________ _____ ________ __________ ___ _______ ___ _____.
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