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Essay / Research Paper Abstract
This 5-page paper provides an overview of the Russian economy as it currently stands, its success and where it could potentially fail. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_MTrussecon.rtf
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down those walls," the Russian economy was on the brink of collapse (Popov, 2008). The experiment in democracy hadnt worked well in the former communist country - instead of many
businesses happily fomenting competition and going about producing goods for a happy population, the Russian economy was rife with the black market, and only those who had an in with
the government could have any hope of getting any business done. Barter deals by 1998 exceeded 50% of total transactions, while businesses were delaying payments to everyone from their workers
to the government (Popov, 2008). Added to this mix, crime was rising as well - by the mid-1990s, the murder rate was more than 30 people per 100,000 (Popov, 2008).
The mortality rate had skyrocketed as well, with 245 Russians per 100,000 dying from external causes (Popov, 2008). Interestingly enough, research showed that the main cause of increasing mortality was
cardiovascular disease among men between 40-50 who were unable to deal with the stress of an "instantaneous transition to a market economy" (Popov, 2008, 249). When the Yedinstvo came to
power in the parliamentary elections of 1999, it was almost a relief - Vladimir Putin attempted to change the principles of fiscal federalism that were in place (Popov, 2008). He
also launched aggressive action against Chechnya and court cases against the oligarchs (Popov, 2008). He managed to defeat the separatist in the former instance and succeeded in shutting down the
oligarchs in the latter (Popov, 2008). Over the first part of the 21st century, social indicators improved, murder went down and so did stress (Popov, 2008).
The year 2007 was successful for Russia; the countrys GDP grew at a faster rate, while investment activity increased along side (Efremova et al, 2008). During
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