The Current Economic Performance and Competitiveness of Russia: An Assessment

Throughout its long history, Russia has been trapped in a continuous cycle of authoritarian regimes; only interrupted briefly with periods of tumultuous democratic transitions that were plagued by poor bureaucracy and weak institutions. Therefore, time and time again, Russia has turned towards authoritarianism. In the late 1900’s to early 2000’s, Russia again saw the fall of democracy coincide with the rise of a competitive authoritarian regime. This rise of competitive authoritarianism in Russia in the late 1900’s to early 2000’s was largely the result of the resource curse which granted Putin’s Administration false economic performance legitimacy. This in turn reinvigorated past strongman ideals, while at the same time solidified negative

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.

The state remains significant to Russia’s prospect as ever. This is so not only because, as in any nation, an effectively functioning state government is necessary considering the proper implementation of a complex economy and legal system, but also because, in Russian circumstances, the factors of globalization are increasing. These mutually factors included the geography of Russian politics, and the dislocation between population concentrations and natural resource centers, and the unavoidable preponderance of somewhat costly land transportation over sea-borne transportation. As a result, it is questionable whether Russia can survive as a country; whereas, they find themselves essentially in a global liberal economic structure. For

Russia has built a strong, but stagnating economy on several natural resources to include the refinery and export of natural gas and oil. According to the Jim Picht (2014) exportation of natural gas and oil to Eastern Europe account for 70 percent of Russia’s exports and 53 percent of the government’s revenue. Along with exporting oil to Eastern Europe, Russia also exports too many countries to include China and Belarus. Europe fueled majority by Russian supplied natural gas and oil, the dependency of Europe’s need for this natural resource is the reason Russia’s economy is so strong. In 2014, when Russia decided to invade the neighboring country of Ukraine has led Europe to begin searching for other suppliers of their natural resources. If Europe finds other countries to supply the natural resources

Russian Federation has a long and interesting history. Many different events the structure and development of the country. Nowadays, Russia plays one of the most important roles in our world. Russia is located at the intersection of different cultures and contains multinational population and ethno-cultural diversity. Russia is an interesting country to discuss its issues of ethnicity and religion, try to predict the future development and economics of the country. How different country’s issues such as class distinction, equity and equality, race, religion, nationalism and other political variables are solved or considered by the state at least. The main goal of this work is to show weaknesses and struggles which Russia faces on the road

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

Russia/ Soviet Union experienced considerable political, social and industrial changes between 1801 and 1939. Russia was a backwards nation during 19th century and into the early 20th century. By the 1800’s Russia were behind technologically, having yet to experience an industrial revolution. They were also behind socially with serfdom still being the used for farming and labor. Thus, because of these obsolete practices Russia underwent many changes that were initiated by the people and the Tsars such as shifts in the government and the end of serfdom. Nonetheless certain aspects still persisted in Russia’s reliance on its agriculture.

The major strength of the Soviet economy was its vast supply of oil and gas. The Soviet economy in its final decades was heavily dependent on vast natural resources, mainly oil and gas.

The socioeconomic conditions that provided the catalyst for the French Revolution and the conditions that existed in19th century imperial Russia, are strikingly similar. Both societies for better or worse functioned under the authority of an absolute monarchy with an inherent structural inequality between the ruling class, and a majority disenfranchised agrarian peasantry. Russia and France differed significantly in economically due to the fact that both revolutions were separated by more than a century of industrial development. However and interestingly both events have as a foundational basis the oppression and reaction of a lower class to spark revolutionary upheaval.

This paper aims to analyze and describe the influence and the scale of the corruption on business environment in Russia, and the consequences for the society. The paper will start by examining “The Collapse of The Soviet Union and The Rise of Russia” as the prerequisite for the escalation of the corruption among Government officials, the establishment of oligarchic structures and examining the role of domestic business and foreign investors regarding their contribution in corruption practices. Then it will discuss the historical trends of the corruption’s phenomenon, whether the

* The Russian economy is discouraging foreign investments, but the producers needed that money to update technology, modernize infrastructure, develop marketing and packaging solutions, develop dealer and distributor networks and so on.

This assignment aims to establish the foundation for the understanding of how history has played a role in defining and redefining the Russian society. By looking at the general history and the political systems of the past, this assignment will highlight events that influenced the emergence of these systems and the current government systems instated. This assignment will examine the way in which the Russian government operates and will therefore highlight the political ideologies of the country in order to provide a basis for educated recommendations to be formulated. The benefit of being aware of the above mentioned topic is that it allows for a better understanding of our world history thus broadening and expanding

Having come through difficult economic reforms of 80s-90s, Russia found itself in a situation of strong crude materials dependence and relative inability to compete successfully on the international and domestic markets. Recent trend in IT and innovation technologies suggested the need for the country to catch up with those who in the lead. Skolkovo is an example of how Russian officials adopt best foreign practices for domestic market in order to eliminate the problem of long-term lagging. However, Skolkovo, despite being protected by the government, is deemed to have a lot of problem inherited from Russian mentality and business ethics. The need for finding the solution of long standing problems justifies the purpose of this paper.