Russia, a vast country with a wealth of natural resources, a well, educated population, and diverse industrial base, continues to experience, formidable difficulties in moving from its old centrally planned economy to a modern market economy. President Yeltsin's government has made substantial strides in converting to a market economy since launching its economic reform program in January 1992 by freeing nearly all prices, slashing defense spending, eliminating the old centralized distribution system, completing an ambitious voucher privatization program, establishing private financial institutions, and decentralizing trade. Russia, however, has made little progress in a number of key areas that are needed to provide a solid foundation for the transition to a market economy.
Russia, spanning 11 time zones and serving as home to about 150 million people, possesses tremendous natural and human resources. Demand today for imported consumer goods, capital equipment, and services remains remarkably strong, with imports representing an unusually large percentage of the national market. Despite outstanding long-term market potential, Russia continues to be an extremely difficult country in which to do business.
The Russian Federation continues to pursue a program of dramatic economic, political and social transformation. Despite President Yeltsin's successful re-election campaign, continued economic reform remains subject to the influence of the communist controlled State Duma (the Russian parliament). Even the most optimistic scenarios envision a protracted process as Russia continues the task of fashioning a legal foundation for commerce, rationalizing the regulatory and taxation regimes with which businesses must comply, and completing the task of creating from scratch a highly effective and consistent customs administration. The duration and final outcome of this process are still uncertain. Consequently, Russia offers U.S. business both high risk, and potentially high rewards.
Russian firms and customers admire U.S. technology and know-how, and generally are interested in doing business with U.S. companies. At the same time, there is a tendency in some quarters to suppose that the U.S. is responsible for the changes which have occurred in Russia, especially those which have caused most hardship to individuals and to industry. This sentiment has attracted the support of some political leaders, and in given credence by a significant proportion of the populace. At the same time, a strong U.S. commercial presence is viewed in the Russian Far East as a counterbalance to other regional economic powers.
Most Western products and services are in demand in Russia. Of particular interest are:
· consumer goods, including poultry and meats, paper industrial chemicals,
In a recent White House brief, President Obama called the Russian invasion of Crimea a clear violation of Ukraine’s sovereignty, territorial integrity, and international law. When assessing the Russo-Ukrainian crises in Crimea, the commander of European Command (EUCOM) and the Supreme Allied Commander of European Forces (SACUER) must account for U.S. interests in the region before deciding a proper course of action. This essay aims to assess four of the United States’ national interests through the perspective of EUCOM and SACUER. The first section will outline the role of EUCOM and SACUER in the European region and assess the overall problem of Russia invading Crimea. The second section will outline four of the United States’ national interests at stake: international order, trade and economic prosperity, energy supply, and freedom of the seas. In doing so, this assessment of U.S. interests in Crimea supports the options of non-intervention and a non-provocative stance in order to maintain long-term stability because the Russian invasion has only violated peripheral interests of EUCOM and SACUER.
Cuba’s unpredictable shift toward socialism and its growing dependence on the Soviet Union divided both the leadership and the country at large. With a relationship dating back to before Fidel Castro’s installment into power, Russia and Cuba have both played major roles in the development and regression of each other’s economies and societies.
“In the wake of the Cold War, Americans felt it was their patriotic duty to buy consumer goods to help the economy grow. In turn, the U.S. became the world’s dominant economic power” ("Cold War Influences on American Culture, Politics, and Economics").
Transnistria is still dependent on Russia both for the improvement of education as well as for the flow of new textbooks. However, concerning the medical infrastructure, this de facto state has to count on the help of others, but predominantly the aid of Russia is of key importance for them (Blakkisrud and Kolstø, 2013). The purchase of companies in Transnistria by Russia is seen as an investment from the economic and geopolitical point of view. The most effective and advantageous of all the factories owned by Russia in Transnistria is the Moldovan Steel Plant (Chamberlain-Creanga and Allin, 2010). Russia is also the main market for Transnistrian exports (Blakkisrud and Kolstø, 2013). The position of Russia in Transnistria enables the de facto state to run smoothly (Cantir and Kennedy,
As Lester B. Pearson once said “Politics is the skilled use of blunt objects.” Politics may create disagreements and conflict between two countries, but it can also affect countries relations. When Canadian Prime Minister Diefenbaker refused to accept American warheads it has set back Canadian and American relations. However In many ways we still help each other out. Canada benefits from close ties to the United States of America because it helps our economy, forms our culture, and they provide military protection.
Don Pittis talks about the Russian economy in terms of its periodic dwindling performance, whereas Russia’s decade of outperformance was possible in part because the preceding collapse after the demise of communism was so extreme. This has left ample spare capacity to be brought back into use. It now applies modern technologies and managerial techniques provided further scope for a sustained burst of rapid catch-up growth. Although the falling rouble contributed to the recent rise to 6.9% in March which is a more fundamental reason why inflation remains a problem is that the economy is operating at full capacity. Even the labour market is tight and the unemployment rate is just 5.4%. Moreover, the budget deficit was 1.3% of GDP last year,
International politics as one may imagine includes foreign affairs. This is why the topic and focus of this paper revolves around the current event within Eastern Europe. It will focus on both Russia, Ukraine, and the world, and from it, it will be analyzed by using the resources provided within class. After all it is a International Politics course, and one of the best ways to effectively put the skills and knowledge to use is to focus on an event or current event. The paper will attempt to go over in a chronological order of the events that has happened, and what is happening currently over in Ukraine. Afterwards, an analyzed input will be implemented providing reasoning behind Russia's actions, and actions of the world, and potentially some solutions.
While scrolling through the internet it’s impossible to not come across ads. One particular message that consistently appears, and is joked about, is the concept of a “Russian Mail-Order Bride.” Even when googling Russian phrases the ads that appear read along the lines of, “Beautiful Russian Brides”, “Find Russian Brides”, “Buy your Russian Wife Here.” Whether it be through a spam email, an over-heard green card joke, or just conversation, everyone has heard of the “Russian Mail Order Bride.” But, this phrasing clouds the true horror that is the Russia’s “shadow economy.” Following the collapse of the Soviet Empire the nation of Russian alongside all post-communist states were faced with this growing second economy. Those who were Soviet prisoners
Lafeber, W. (2002), America, Russia, and the Cold War, 1945-2000. 9th edn. New-York: McGraw-Hill Higher Education.
The claim that one nation is more powerful than the other is irrelevant. Comparing Russia and the United States economies is basically based on how weak analysis believe the Russian Federation really is. Many experts predicted the collapse of Russian economy (Aleksashenko,2016). Why should investors choose the United States over Russia? The United States is business friendly, has a better quality of life, and plenty of infrastructure and workforce factors.
The Soviet Union, which was once a world superpower in the 19th century saw itself in chaos going into the 20th century. These chaoses were marked by the new ideas brought in by the new leaders who had emerged eventually into power. Almost every aspect of the Soviet Union was crumbling at this period both politically and socially, as well as the economy. There were underlying reasons for the collapse of communism in the Soviet Union and eventually Eastern Europe. The economy is the most significant aspect of every government. The soviet economy was highly centralized with a “command economy” (p.1. fsmitha.com), which had been broken down due to its complexity and centrally controlled with corruption involved in it. A strong government needs a strong economy to maintain its power and influence, but in this case the economic planning of the Soviet Union was just not working, which had an influence in other communist nations in Eastern Europe as they declined to collapse.
Relations between the United States and North Korea have been unstable since the second world war and with each passing decade the relations have become more tense. The U.S has never have formal international relations with North Korea , however the conflict has caused much controversy in U.S foreign policy. North Korea has been the receiver of millions of dollars in U.S aid and the target of many U.S sanctions. This is due to the fact that North Korea is one of the most oppressive regimes on the planet, that uses unjust techniques such as murder, torture, and starvation to get their citizens to be obedient. They restrict contact from their citizens to the outside world, through censorship of technology and rarely allowing visitors to the country. The root of the US-North Korea conflict however ,has been on the basis of nuclear weapons and North Korea threatening to use those weapons against the U.S and neighboring South Korea. The U.S and other nations have been working for the last few decades to stop the regime from purchasing and utilizing destructive nuclear weapons.
After their defeat in the Crimean war (1853-1856), Russia’s leaders realized they were falling behind much of Europe in terms of modernisation and industrialisation. Alexander II took control of the empire and made the first steps towards radically improving the country’s infrastructure. Transcontinental railways were built and the government strengthened Russia’s economy by promoting industrialisation with the construction of factory complexes throughout...
... industrial sector but would experience many setbacks simply due to the size, diversity, and traditional ways of Russian workers.
In the aftermath of the USSR’s dissolution, one can establish clear patterns of economic development of the Black Sea countries: all of them are oriented towards a market economy with varying level of success. Many of these countries are pacing in the transition process, facing mainly the same challenges, that they should address with common efforts in order to achieve the best results. After the global economic and financial crisis, most of the countries of the region have received financial help from the International Monetary Fund (IMF).