Russian Economy Under Czar And Term Paper

PAGES
3
WORDS
845
Cite

The economic chaos that ushered in the Soviet Union met the Russian people on the way out of the Soviet Union as well. Despite the problems in the 1990s, ranging from massive unemployment to currency collapse, the Russian economy today is showing signs of improvement, modernization and stability.

Since the currency collapse, Russia has posted consistently high GDP growth figures and ranks first in GDP growth in the G8. Macroeconomic indicators are consistent with an emerging economy. The economy today is based around natural resources, especially oil, and there is an emerging high-tech sector that is capitalizing on Russia's stock of experienced technical and scientific staff. The economy is being opened to investment, which along with oil revenues has fueled the strong growth. Foreign direct investment has risen from $14.6 billion in 2005 to $45 billion in 2007. Exports are significantly higher than imports.

The rate of poverty remains higher than found in the West at 15.8%. This is particularly evident outside of the major cities (an estimated 90% of the country's wealth is in Moscow). The country remains highly dependent on the resource sector, and needs to rebuild its manufacturing base. Russia's banking system is weak compared with those in many other emerging markets, much less developed markets. Inflation remains...

...

Macroeconomic indicators are generally positive, which could not be said about the economy of the Tsar. The rise of the middle class shows that the income disparity that hallmarked the Tsarist economic system is less prevalent today. However, there are some similarities as well. There are major structural issues that undermine trust in public institutions - today it is the weak rule of law, versus rampant corruption in Tsarist times. The economy still lacks diversity, and still lags behind Western nations. Poverty in the countryside mirrors the Tsarist era - it is often only the lot of city dwellers that has improved over Tsarist times.
Russia may not be at the brink of collapse the way the Tsarist rule was, and there is cause for optimism, but the lessons of that day regarding the building of strong institutions, increasing economic diversification and encouraging income parity are all valuable for Russia today.

Works Cited

No author. (2008). CIA World Factbook: Russia. Central Intelligence Agency. Retrieved June 23, 2008 from https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html

Moskoff, Carol. (2008). Tsarist Economy. Answers.com. Retrieved June 23, 2008 at http://www.answers.com/topic/tsarist-economy

Sources Used in Documents:

Works Cited

No author. (2008). CIA World Factbook: Russia. Central Intelligence Agency. Retrieved June 23, 2008 from https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html

Moskoff, Carol. (2008). Tsarist Economy. Answers.com. Retrieved June 23, 2008 at http://www.answers.com/topic/tsarist-economy


Cite this Document:

"Russian Economy Under Czar And" (2008, June 23) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/russian-economy-under-czar-and-29192

"Russian Economy Under Czar And" 23 June 2008. Web.19 April. 2024. <
https://www.paperdue.com/essay/russian-economy-under-czar-and-29192>

"Russian Economy Under Czar And", 23 June 2008, Accessed.19 April. 2024,
https://www.paperdue.com/essay/russian-economy-under-czar-and-29192

Related Documents

There were some farmers who refused to join these collective farms, but they were drastically punished. Most of the insubordinates between them were unconditionally sent to Siberia. Later on, Khrushchev constituted the decentralized industry, because he wanted things to run smother and faster, without the current impediments from the central bureaucratic authority. A great number of ministries were dismantled. In what concerns the agriculture, Khrushchev established lots of wheat plantations

Russian History
PAGES 5 WORDS 1845

Russian History As the president of the Russian Federation, I am faced with the challenge of building a strong, vibrant nation from the ashes of our Communist past. Our nation today struggles economically, politically, and socially. We must rebuild the stability and power of the Russian Federation through creating a strong economy, social climate, and political structure. I seek a path for Russia that is truly Russian, and based on the

Russian Constructivism
PAGES 8 WORDS 2364

Russian Constructivism artistic and architectural movement arose in Russia after the Revolution of 1917. The Revolution set the stage for one of the most remarkable transformations of artistic theory in the history of art. The Constructionist form was born from many artists such as Rodchenko who were in pursuit of a much more innovative approach to art. The Constructivists strived to produce bold work in painting, sculpture, photography and architecture

Russian History This work will first address the idea that the Russian Revolution of 1917 was inevitable given the charged events that had occurred in and around Russia preceding the event and then it will go on to look at the issue from the opposite angle, describing ways in which it might have never happened. Given the extreme nature of the events and the almost unavoidable idea that the way history

A scholar cannot only look at society with the eye upon the concerns of the Russian intelligentsia, which did indeed breathe a collective sign of relief after withstanding the Great Purge of the late 1930s, Stalin's "Doctor's Plot," and other acts of paranoia. (Fitzgerald, pp.135-161) but many of Stalin's inefficient economic schemes, such as running the economy as a series of five-year plans were retained. One cannot easily separate

Wikipedia.org/wiki/Russian_Mennonite).Most aligned themselves with the Octobrist Party because of its guarantee of religious freedoms and freedom of the press for minority groups (the Russian Mennonites (http://en.wikipedia.org/wiki/Russian_Mennonite)." Each village generally had its own congregation that was independent of the other Russian Mennonite congregations. They all agreed on fundamental Mennonite beliefs such as believer's baptism, nonresistance and avoidance of oaths (the Russian Mennonites (http://en.wikipedia.org/wiki/Russian_Mennonite).Pastors of Flemish congregations read sermons from a book while seated