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

My country is russia - Essay Example

Comments (0) Cite this document
The Three Major Issues Plaguing Russia (Name) (University) (Date) The Three Major Issues Plaguing Russia Identification Energy Scenario The energy scenario can be viewed from three different viewpoints viz. the demand and price of natural gas, that of oil and that of electricity…
Download full paper
My country is russia
Read TextPreview

Extract of sample
My country is russia

Download file to see previous pages... As Paltsev and Reilly (2009) point out, the US and Europe remain wary of energy rich nations like Saudi Arabia and Russia. Weak Institutions Russia ranks 133rd out of 144 countries in the World Economic Forum’s (WEF) Global Competitiveness Index (GCI) 2012-2013. According to Aidis and Estrin (2005), the formal institutional environment is the main barrier in developing entrepreneurship in Russia. Corruption is the important factor due to the low income of the governing classes. Business cannot develop when property rights are not fully enforced, and there is no rule of law which provides a conducive environment for entrepreneurship. Adequate finance for private enterprise to flourish, is also lacking. Social Unity 100 billionaires own 30% personal wealth in Russia compared to a global figure of less than 2%. Russia has a dearth in social capital, which is based on trust, values and networks. Putnam and Pollock opine that social capital is “the capacity for self-organization and collective action in pursuit of some common good” (Menyashev & Polishchuk, p 2). Social capital can lead to economic development in two ways. One is by cutting transaction costs in the private sector and the other by finding a solution to the agency problem between the government and society. Policies Energy Scenario Russia has diversified to find new customers in China, Japan and North America for natural gas. The state-owned Gazprom owns most of the gas reserves and pipelines after the Soviet disintegration. It has also created new pipelines that would bypass the other ex-Soviet republics. It has the eighth largest oil reserves in the world. Production of oil increased from 2000 to 2004 after which there has been a slowdown. On the other hand, the electricity sector has been reorganized, which has attracted foreign players. Russia formed the Gas OPEC or Troika inspite of which, spare capacity has moved beyond the OPEC. When it moved beyond usual production by exploiting the Arctic and East Siberia, US became oil independent. Moreover, many countries also increased their oil production. When it reduced subsidies, maximized energy efficiency, and upgraded energy infrastructure, it did not offer reform to the sector and the politicized firms could not take advantage of this development. The demand for oil reduced because of factors like energy efficiency measures, Europe bypassing Russia and the breakthrough in energy resources. This has been despite a growth in population of Russia. Weak Institutions Due to excessive bureaucracy, there is a growth in informal networks, which help to mobilize resources. There is intimacy and reciprocity in such networks. The entrepreneurs use only short-term finance which could point to an underdeveloped banking sector with poor collateral laws. The liability ratio is less than one which restricts the scale of enterprise whether as a startup or for the purpose of expansion. Trade credit in the form of loans from one firm to another in the supply chain is used and the profit earned is ploughed back into the business. Unclear bureaucratic policies increase the cost to business. According to Transparency International, public officials and civil servants, including the police, are the most corrupt institutions in Russia. In 2012, Russia ranked 101 in the overall quality of infrastructure. Though Russia is one of the most educated countries, the quality of education is declining. Life expectancy is low when compared to countries with similar GDP. The number of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“My country is russia Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1488351-my-country-is-russia
(My Country Is Russia Essay Example | Topics and Well Written Essays - 1250 Words)
“My Country Is Russia Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1488351-my-country-is-russia.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
My Idea of Country Developement
Development is linked to technological advancement in that in the current global market, countries are investing heavily in modernized technologies that would make delivery of services, products and information more reliable and of higher quality. Therefore, development can be argued to be an improvement in the living standards of people through improved social, political and economic indicators, that define the quality of life, that characterize the citizens of a country.
5 Pages(1250 words)Essay
Materiality of Brands that are Iconic for Russia
For this reason, it is just appropriate that discussion on iconic brands is made to go with materiality. In the opinion of Miller (2008), materiality concerns the “mutual constitution that takes place between people and the stuff they consume.” This is to imply that materiality is an inner force that serves as compulsive stimuli in getting people to toll a particular line of purchase (Merlin, 2001).
3 Pages(750 words)Essay
Summary on Russia Country Report
Timid political reform has also been discussed in CCP publications. Social unrest will continue to be a significant issue in 2008-09. Although most incidents will be relatively localized and contained by the security forces, the threat remains that a small, local disturbance could turn into a wider protest movement if handled badly.
4 Pages(1000 words)Essay
Russia and Americas National Security
He then goes over the present policies of USA that conflict with what Russia wants. As the article proceeds, it warns America to change these policies because Russia is being underestimated and this could result in consequences that America has not foreseen yet.
3 Pages(750 words)Essay
However, its economic power has not pumped up the muscle of the former Soviet Union. While the land mass of Russia is larger than any nation-almost twice that of the United States-its economy is only the ninth largest in the world (Weidenbaum 2004, p. 681).
10 Pages(2500 words)Essay
Media & Media Costs in Russia
3). Three among the top two television channels have been shown to be biased by airing uncritical and disproportionate coverage. They tend to
1 Pages(250 words)Essay
Political and economic conditions in Russia
The present political conditions in Russia are critical to ensure successful running of businesses because of the tensions and attacks that happened on 29th of December 2013, where two suicide bombings occurred in
3 Pages(750 words)Essay
Me, My Country and IR
In this regard, the paper will explain the international relations between the United States and Cuba and how the dispute between these two nations affected my life. This implies that the document will highlight my
4 Pages(1000 words)Essay
An Essay on Russia -Egypt Relations
y seen Egypt as a strategic partner, connecting it to the Middle East for trade and regional influence, while Egypt has traditionally seen Russia as a key trading partner to secure wealth and military infrastructure. In that sense, the political interests of the two nations have
8 Pages(2000 words)Essay
ally, Vikings formed an economic unit and embracing a collective name Rus, which with time adopted the natives’ way of life due to the trade they had with Byzantine Realm. Similar to the Russian chronological origin account, its culture highly esteems family and homeland
5 Pages(1250 words)Essay
Let us find you another Essay on topic My country is russia 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