StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Russia: Economic Challenges and Changing Agenda - Research Paper Example

Cite this document
Summary
Name: Instructor: Course: Date: Russia: Economic Challenges and Changing Agenda. Russia, also known as the Russian federation, is one of the richest countries in the globe. This is due to the vegetation cover, oil reserves and other minerals. Russia is ranked ninth in terms of economic growth to its citizens and sixth, in terms of purchasing power…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
Russia: Economic Challenges and Changing Agenda
Read Text Preview

Extract of sample "Russia: Economic Challenges and Changing Agenda"

Download file to see previous pages

Through these scientific discoveries and explorations Russia has maintained its world title as one of the strongest nations on earth (Aslund, Guriev and Kuchins 118). The reason why Russia has a stronger economic gap, even from other western countries, is because Russian people indulged in industrial and postindustrial development much earlier than other countries, including the European countries. Its economic development is based on foreign exchange, which includes the sale of oil and gases.

However, Russia does not only depend on the oil and gas. It has also had a remarkably high export rate of other resources such as timber and metal. These resources have ensured that Russia remains at the top of other countries that are even considered strong (Robinson, N 23). In terms of macro-economic and political factors, Russia has been able to maintain its economy at the top. Through the export of oils and other natural gases, this country has been able to moderate its sales. This has prevented the occurrence of a smaller or larger margin.

This ensures that the country does not suffer a lot, when it is hit by a significant economic crisis. It has also focused on using the available resources of man power and taxes from its citizens. This functions to strengthen the country economically. This is a unique way, in Russia which is able to attain self sustenance. This is the situation where other countries take loans from the international communities and banks. It has also employed a stronger form of governance through the political platform.

Through this governance, this country is a corruption and impunity free zone. However, the Russian administration also suffers at times (Sachs and Pistor 89). Also, the Russian economy has its own macro-economic toughness. Some of these macro –economic conditions are past the ability and powers of the government and other administrations. The Russian work force has been decreasing for quite some time. This is because the death rate is proving to be higher than the birth rate. The best way out for the Russian government is to allow people from other countries to come into their country and make a stronger species of people reduce the death rates.

Also, the Russian government can raise the taxes of natural gases and oil. This can function to control and reduce the waste of these important resources. This started as far as when the Russian economy started to grow, over 70 years ago. This was even before the modern day technologies were in place. Telecommunication is also a serious problem. In the year 2006, lots of houses in Moscow had no cable connection of both internet and commercial telephone lines. This led to little or no interaction to the outside world.

Apart from this lack of telecommunication, there is the issue of man force. Russia has introduced different machines into the different industries that are existent in the nation. However, there are skills that can only be in the human mind. Humans are also extremely flexible, when it comes to decision making. Therefore, they ensure that everything runs smoothly. This also functions to ensure that small microenterprises rise to bigger firms (Aslund, Guriev and Kuchins 145). Russian Human capital has a remarkably high role on the nation economy.

This is because the man force brings up ideas and innovation in different sectors of the economy.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Russia: Economic Challenges and Changing Agenda Research Paper”, n.d.)
Russia: Economic Challenges and Changing Agenda Research Paper. Retrieved from https://studentshare.org/macro-microeconomics/1458037-russia-economic-challenges-and-changing-agenda
(Russia: Economic Challenges and Changing Agenda Research Paper)
Russia: Economic Challenges and Changing Agenda Research Paper. https://studentshare.org/macro-microeconomics/1458037-russia-economic-challenges-and-changing-agenda.
“Russia: Economic Challenges and Changing Agenda Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1458037-russia-economic-challenges-and-changing-agenda.
  • Cited: 0 times

CHECK THESE SAMPLES OF Russia: Economic Challenges and Changing Agenda

Market Research Report Russian Market for Pierre Herme Paris : Executive Summary + Social/cultural analysis

Especially in Russia some challenges and different characteristics regarding the political conditions for European companies appear.... In 1993 russia officiallybecame the independent “Russian Federation”with a semi-presidential, democratic system, after the collapse of the Soviet Union two years before.... They are both from the same United russia Party.... he Federal Assembly of russia holds the legislative power and consists of the two chambers State Duma and Federation Council....
3 Pages (750 words) Essay

Russias Foreign Policy towards Georgia

The breakthrough year was 2004 when russia experienced regime changes when more pro-western governments have replaced the leaders of these countries.... In April 2005 while visiting Israel, Putin was asked if russia is attempting to regain its status of global superpower, as it was as Soviet union during the Cold war era.... Putin answered in a quite evasive manner, that the expenses required by such ambition would most certainly exceed the possible benefits from acquiring such a position on the world scene, and he added that russia already is a "great country" with important influence on the countries of the North and South hemisphere....
27 Pages (6750 words) Essay

How Russia Viewed the Bush Presidency

Bush administration's ambitious foreign policy goals to reshape the world following the September 11 terrorist attacks combined with a strong ideological bias led to strained relations with russia.... russia, along with France and China, believed that the U.... Resolution 1441 that created a new tough inspections regime, would be necessary for the United russia had joined the coalition against terror, promising to share intelligence and offering political support to the US president....
6 Pages (1500 words) Term Paper

The Organization for Security and Cooperation in Europe

McKenzie and Rupp (1998, 119) stated that OSCE reflects the challenges facing multilateral cooperation in the new and volatile era.... The author of the following paper claims that the Organization for Security and Cooperation in Europe was created to serve as the multilateral forum for dialogue and negotiation between East and West with key commitments on Polito-military, economic and environmental and human rights issues.... The organization is a primary instrument for warning, conflict prevention, crisis management and post-conflict rehabilitation dealing with three dimensions of security – the politico-military, the economic and environmental and the human dimension, which are also referred to as three baskets on OSCE which addresses the wide range of security-related concerns, including arms control, confidence – and – security building measures, human rights, national minorities, democratization, policing, strategies, counter-terrorism, and economic and environmental activities....
12 Pages (3000 words) Case Study

The Role of Government in Promoting International Businesses in Russia

In the highly competitive business environment, the role of government is increasingly becoming critical to the socio-economic development of the states across the world.... Indeed, the nations have increasingly become interdependent for their socio-economic development.... Indeed, the political, legal, economic and technological environment created by government initiatives through policies and plans is an important criterion for international businesses....
8 Pages (2000 words) Term Paper

The Russian Chronological Origin

Since the crumpling of Soviet Union, Russia has been changing notably from a centrally planned and globally isolated economy to a more of globally integrated and market based economy.... Similar to the Russian chronological origin account, its culture highly esteems family and homeland This is due to the challenges people encountered during communism, which made numerous people end up trusting more their families based on the support they received like combining their resources to survive....
6 Pages (1500 words) Essay

Why United Russia Dominates Russia's Party System

nbsp;… Precisely, this essay will be a focus on exposing whether Russia is it becoming a 'capitalist' and 'democratic' state while identifying some of the major challenges the country presently faces.... This work called "Why United Russia Dominates Russia's Party System" focuses on the social, economic, as well as political transformations that have taken place in the post-Soviet Russian federation in the global context.... However, Yeltsin occasionally reverted to an authoritarian rule, which led to the takeover by a group of family members who led the country as an oligarchy and invited ills such as economic and political corruption....
11 Pages (2750 words) Essay

The Role of Russia in Global Conflicts

nbsp;… Understanding this situation from a realist perspective will help design solutions for preventing another World War based on the realist approach's challenges and the criticisms leveled against it.... Here, countries strive for competitive advantage and economic strength in their relations or dealings with other countries.... This paper ''The Role of russia in Global Conflicts''  aims to determine how russia's interference in global conflicts is a threat to global peace and whether this can be subdued to prevent another World War from happening....
5 Pages (1250 words) Research Proposal
sponsored ads
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.
Contact Us