Russian Federation and United Kingdom: Comparison of Economy

Russia’s economy is very complex and also very terrible at the same time. Many other economy’s are also like this but Russia’s is a very interesting thing to learn about. Russia’s economy has many things wrong with it that in the long run could probably affected it in a negative way. But it also has many positive things about it.The negatives and the positives are, in my opinion, are equal in Russia economy.

The economy of Eastern Europe in 1700 was based on that of agriculture and products such as wheat and barley because serfdom was still thriving in Russia. The serfs were the labor force and basis of the feudalistic type society until the reign of Alexander II. However, while other nations were becoming modern, the Russia economy was backwards compared to the rest of the world due to the fact that is was based on a form of slavery. But when industrialization occurred in Russia in the 1860s the economy had gradually switched to that manufactured good as factory and industry increased. The railroads from industrialization allowed for easy trade across vast and mountainous territory and also increased global trade with nations in the West as Russia could trade their various natural resources for a profit. However, by 1900 Russian’s economy was collapsing as they were still not industrializing a quick as the West and agricultural technology was not as up to date.

Another repercussion of the Soviet Union’s collapse was the failure of the economies of almost every new post-Soviet country. Most of the economies of the new Republics were left in shambles after the collapse. In Russia, people were not ready for the new economic freedom that resulted from the fall of Communism. Their unpreparedness led to inflation. “Inflation caused prices to go up three hundred percent in the first month, and 2,591 percent by the end of 1992.”( Russian Economy in the Aftermath of the Collapse of the Soviet Union) Just three years after the Soviet Union’s fall, Russia’s inflation rate had skyrocketed to 2591 percent, evidencing that Russians were not prepared for such a rapid evolution, going from a communist economy into a capitalist economy. All post-Soviet countries had the same economic fate as Russia, plunging into worse economic conditions than the United States suffered during its Great Depression. For example, in 1992, the Ukraine had almost a fifteen percent drop in its gross domestic production and Latvia suffered a 33 percent drop. (GDP growth) Many of these countries’ economies are still suffering as a result of the rapid evolution

The economic downfall was also due to many sanctions placed on Russia post the annexation of Crimea. New opportunities will arise for Russia as they move from a natural resource country to a greener country, Russia has a plan to stimulate growth with green energy which will create jobs. They also have a $10 billon fund for research which they are hoping will stimulate future economic growth.

The Russian state has been characterized by its strong heritage of powerful, autocratic leadership. This domination by small ruling elite has been seen throughout Russia's history and has transferred into its economic history. Throughout the Russian czarist period, to the legacy of seventy years of communism; Russia has been a country marked by strong central state planning, a strict command economy and an overall weak market infrastructure (Goldman, 2003). Self-interest, manipulation and corruption have all been present in the Russian economy, and have greatly helped the few as opposed to the many. To this day, Russia still struggles with creating a competitive and fair market.

Russian technology was decades behind the west, Russia was the last of the ‘great powers’ to industrialise thus found it difficult to compete with more experienced adversaries, conditions within Russian factories were poor and workers had no voice as a result of the ban upon Unions. Despite Russia’s huge mineral and resource deposits they still lagged behind western nations in

Although lower interest rates can improve domestic spending, it will discourage foreign investors because the return on their investments decreases. As of September 2011, the US interest rate is close to 0% and Canada’s rate is at 1% as determined by the Bank of Canada. Low interest rates indicate that the US is in poor financial health. More countries will want to invest in Canada if the US is in a risky financial situation and additionally, provides low returns. The value of the Canadian dollar rises when demand increases.

Also, Russia was loosely made up of city-states while England

Previously, during the Early Middle Ages (500-1350), Western Europe went through a time of Feudalism and Manorialism, and many political, economic, social, and several other, changes were made. Then, during the Late Middle Ages (1300-1600), Western Europe was truly starting to form and become its own territory. At the same time, Eastern European Russia was just beginning to form, and it soon became one of the top civilizations. These two European territories were similar and different. First, England and Russia had their similarities and differences politically.

Russia is a huge landmass and covers a vast amount of the earth’s surface area. Being so large, Russia contains a huge variety of different geographical features. There are several mountains, rivers, bodies of water, climate zones, and population centers in Russia. Most of the development in Russia is located in its core area, east of the Ural Mountains. There are several countries around Russia that used to be parts of a larger union called The Union of Soviet Socialists Republics, however, in 1991, the USSR broke apart into several other independent states. The new states that were formed are: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgystan, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, Ukraine, and

When comparing the economic growth performance of the United States and the United Kingdom, a major indicator is ‘Economic growth’, which measures the yearly rate of development rate of GDP using the

As two countries that have different cultures, economics, and politics, Russia and United Kingdom have developed their own education systems respectively, which have their differences and in certain circumstances similarities. In the paragraphs that follow, some major aspect of these will be covered. This essay will present the main structures of the education systems in both countries and will compare and contrast the two systems in terms of number of taught subjects, the structure of educational institutes and the ability to pursue higher education at the universities. I will consider both paid and free education.

The period 1995 to mid-1997 was boom time for Russia’s financial markets. The value of the Russian bonds and stocks soared, with the participation of foreigners in these asset markets increasing rapidly. International investors’ optimism about the country’s future was lifted by stabilization policy that followed the advice of Western institutions.

Russia, known by most as the Russian Federation, is a federal state in Eurasia. Russia is the largest country in the world at 17,075,200 square kilometres by surface area, covering more than one eighth of Earth 's inhabited land, and the ninth most populous, with over 146.6 million people as of end of March 2016. The European western part of the country is much more populated and urbanised than the East, with almost eight-tenths of the population living within the European region of Russia. Russia 's capital, Moscow is one of the largest cities in Europe and the world. Its ohter major urban cities include Saint Petersburg, Novosibirsk, Yekaterinburg, Nizhny Novgorod and Samara.

Russia is a country in Northern Eurasia, bordered by the Arctic Ocean, and numerous countries such as China, Mongolia, and Georgia. The total area of Russia is 17,098,242 square kilometers (CIA.gov), making it the largest country in the world. The terrain of the country is “broad plain with low hills west of Urals; vast coniferous forest and tundra in Siberia; uplands and mountains along southern border regions” (CIA.gov) with a climate that ranges from humid and warm places to extremely frigid regions varying on its location. Russia is a federation