We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Russia's Most Important Economic Sectors - Essay Example

Comments (0)
Russia's Most Important Economic Sectors Introduction: Russia is the ninth biggest economy in the globe according to the nominal value. It is blessed with natural resources like coal, gas, oil, timber, and some precious metals. The well organized utilization of these resources had been a challenge for them after the collapse of Soviet Union…
Download full paper
Russias Most Important Economic Sectors
Read TextPreview

Extract of sample
Russia's Most Important Economic Sectors

Download file to see previous pages... Shortly after liberty, the new Russian government announced a much more determined program of political and economic reformation. The agenda included an alteration of the financial system from the values of state planning which is the basic and administrative direction to the well agreed market-based economics. As result “The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009” (Economy – Overview n.d.). On the other side, Russia’s financial growth was still focused mainly in a few sectors. The advantages of growth were not widely dispersed throughout the society. Over one-third of the people of the Russian Federation sustained to live below the poverty line. According to some study it is very clear that Russia’s long term challenges are inadequate workplace, corruption, complexity in accessing capital for smaller – non energy companies, and deprived infrastructure in need of huge investments. Russia ranks ninth as the largest economy of the world: it contributes to the sixth place by purchasing power. The country has abundance of the petroleum, oil and natural gas. The country is also the store house of rare and precious metals. Despite the setbacks faced by the other countries in the erstwhile Soviet Union, Russia managed to be in a good position in the world’s economy. The main sectors of the Russian economy are energy, natural resources, agriculture, industry and manufacturing. Energy Sector: One error of the energy business is its construction, which is subjected by government-backed monopoly and distinguished by inequity next to private businesses, small family operators and global players. State-owned company such as Gazprom or Rosneft, as well as several confidential companies with close links to the supporting leadership such as Gennady Timchenko’s Novatek, has privileged admission to licences, upstream assets, tax exception etc. Foreign investors are able to function in Russia only if they set up good functioning relationships with member of the controlling clans. The quickest way to be honored projects and contract in Russia is to present those clans stake in reputable international companies. The energy sector also endures from poor value of administration. Since the rein of Vladimir Putin and his associates to power in 2000, activities to important positions in the Russian establishment, as well as the energy industry, have been made according to certain criterion: individual loyalty and the capability to manage cash flows Natural Resources Including Coal, Gas, Oil, Timber and Metals Sectors: Russia may contain as much as 35% of the world's supply of natural gas. It has proven reserves nearly twice that of Iran, the number two spot holder. Its reserves of oil are debated, but the US Geologic Survey estimates that they may be as high as 25% of the world's oil. The US Department of Energy states: "Russia is also the world's largest exporter of natural gas, the second largest oil exporter, and the third largest energy consumer" (Russian Resources 2010). The vast gas, oil, coal, and timber raw materials of Siberia and the Russian Far East create Russia rich in mineral deposits. On the other hand, most such resources are positioned in remote and climatically adverse ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Russian Foreign Policy Master Essay
The new oil wealth is more effective for realising the foreign policy goals of the resurgent Russia. Qualitatively speaking, Russia no more is a defunct military super power but a rising energy super power. Undeniably, Russia has inherited much of the former Soviet Union's hard power including a powerful nuclear arsenal and a sophisticated army.
7 Pages(1750 words)Essay
February Revolution
This in itself caused tension as involvement in the First World War was seen to be causing the majority of the problems Russia was experiencing internally. The February Revolution saw a largely bloodless transfer of power from the Tsar. The regime that came into being was an alliance between liberals and socialists who wanted to instigate political reform, creating a democratically elected executive and constituent assembly.
4 Pages(1000 words)Essay
Most important role of marketing
Marketing is one thing that makes sure that all the people within the company are always thinking about their customers and their needs and marketing also helps the employees to create and maintain profitable relationships with their potential customers.
12 Pages(3000 words)Essay
Russian Economy
As Russia is one of the world's top suppliers of oil, most economists attribute the growth to high oil prices, which remain at all-time highs (in 2006 crude oil stood at $79 per barrel, up from $51 in 2005). In contrast, in 1998, oil prices were at an all-time low at $10 per barrel.
6 Pages(1500 words)Essay
International strategic management Individual assignment
With such a development, every eye is turned in this vast country as it holds one of the most important posts in the world's economic scene. With such a development, there are those who claim that the said assumption is too early for the Russians as the said country is still considered as a developing one since some of the country's wealth are still considered as potential income and not as actual income.
12 Pages(3000 words)Essay
The Most Important Characteristic for Lifelong Success
What this suggests is that there are larger volumes of individuals that do not maintain the cognitive ability to recognize obvious trends or scenarios that a self-disciplined person would notice immediately. This borders on the concept of emotional intelligence in which an individual fully understands their own ambitions and motivations and sustains the discipline to act on them accordingly
2 Pages(500 words)Essay
Privacy is not the most important right
In a progressive society, privacy is rarely an issue of concern. However, privacy does not really constitute the most fundamental right in human existence. Traditional
4 Pages(1000 words)Essay
Russia's Economy
As a function of this particular understanding, the following analysis will utilize the case of the Russian Federation in seeking to
2 Pages(500 words)Essay
What are the most important economic concepts that determine the structure of the construction industry
Economics has been integrated in the construction sector through what is referred as construction economics that does not deviate much from the study of pure economics. The first concept introduced is the distribution of scarce resources amongst the competing needs. In the
4 Pages(1000 words)Essay
In light of the fact that tourism is one of the most important service sectors of global economy, debate the current issues that need to be incorporated into the tourism planning process
(WTO(a), 2001).Tourism and travel-related administrations incorporates administrations gave by inns and restaurants (counting cooking), travel offices and tour administrator administrations, traveler aide administrations and other
12 Pages(3000 words)Essay
Let us find you another Essay on topic Russia's Most Important Economic Sectors for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us