Essay About Russian Economy

Essay About Russian Economy-67
Between 20, Russia’s GDP grew by 83%, productivity grew by 70%, Russia’s share in the world economy grew fourfold, from 0.6% to 2.7%, real wages increased by 3.4 times, and real pensions increased by 2.8 times.

Between 20, Russia’s GDP grew by 83%, productivity grew by 70%, Russia’s share in the world economy grew fourfold, from 0.6% to 2.7%, real wages increased by 3.4 times, and real pensions increased by 2.8 times.After a horrendous dip in life expectancy, especially among men, after the collapse of the Soviet Union, the numbers for both men and women have been climbing steadily since 2004 and have now reached their highest levels ever.

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The Russian political system has moved in an autocratic direction for the last two decades, but individual freedoms remain high compared to earlier centuries in Russian history.

But have Russians maximized their potential for personal prosperity and well-being?

At times, including most prominently in the 1930s, the Soviet system even seemed to outperform European economies.

During the final decades of the communist era, however, the Soviet economy fell back behind the capitalist economies in Europe and elsewhere in the world.

The degree and length of this transitional economic contraction, however, varied considerably in the post-communist world.

Contrary to initial expectations, those countries that made the quickest transition to democracy also returned to economic growth the fastest. Russia’s imperfect and partial transition to democracy and markets in the 1990s produced a mix of positive and negative factors for the development of technology in Russia.

But the Soviet regime could not command people to become entrepreneurs or invent technologies, or found companies needed to prosper in the post-industrial age.

Economic stagnation, as well as ideas to combat it, played a central role in the Soviet Union’s collapse.

Russians are richer today than they have ever been in their thousand-year history.

Today, Russians enjoy a GDP-per capita of ,9500, down from a 2013 peak of ,000, but moving in the right direction again.

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