Here is the synopsis of our sample research paper on RUSSIAN ECONOMY. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper offers an analysis of the Russian economy today, including stabilization of the ruble. Bibliography lists 3 sources.`
Page Count:
4 pages (~225 words per page)
File: D0_MTrussiaec.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
including the "mother country," Russia. A capitalistic economy could take over, meaning more people would have more opportunities to make more money. Standing in lines for a reduced inventory of
goods would be over. Or so the pundits thought. As the 1990s wore on, it was painfully clear that Russia needed a
"how to" education in free-market economics. Things became worse than ever, with oligopolies rising in the stead of the state-controlled industries, and black markets gaining a huge foothold. By the
late 1990s, the country was close to bankrupt (The Economist, 2008). The country wasnt helped by the debt crisis and devaluation of 1998 -- though the crisis did force the
government to enforce fiscal discipline while removing constraints on the ruble (The Economist, 2008). These days, however, things have changed, and for
the better. Entrepreneurs are getting a better deal, while the economy overall is growing at 7% per year (The Economist, 2008). Russias economy hovers around $1.3 trillion, with foreign-currency reserves
of nearly $480 billion and a $144 billion stabilization fund for surplus oil and gas revenue (The Economist, 2008). Furthermore, the GDP per person has risen from less than $2,000
per year in 1998 to $9,000 10 years later (The Economist, 2008). According to a recent issue of The Economist, much of
todays Russian economy is based on smoke and mirrors, partly boosted by oil prices that have risen to historic heights (The Economist, 2008). The economy is dependent on oil --
and if oil prices should happen to fall, this could impact Russia (The Economist, 2008). Furthermore, experts point out that Russian institutions
...