Download or read book After the Economic Rebound in Russia written by Eric Brunat and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia has recently made significant progress in building a "normal economy". Structural reforms, which remained inadequate under Boris Yeltsin's rule, have been given a new start with the Government's social and economic programme of 2000, revised in July 2001. Structural reforms will receive further impetus from the Government's medium-term reform programme for 2002-2004, which puts the main emphasis on conditions for business creation and definition of a clear and stable legal framework, covering, among other points, judicial and fiscal reform, a labour and retirement code, and land ownership (Brunat and Soos (2002)). At the same time, tighter control by the federal state over the country, Parliament and the oligarchs has brought political stability, which is beginning to have an effect on the behaviour of various economic agents. The Russian economy has experienced new growth since the 1998 crisis, but has so far failed to install a sustainable growth mechanism due to its structural weaknesses. Establishment of a government programme of structural reforms (see Government of the Russian Federation (2002)) is an important step, but not sufficient in itself. While opening of the Russian economy, notably by accession to the WTO, is indispensable for its integration with the world economy, other political decisions will surely be necessary to overcome inertia effects and deal with difficulties in adaptation to a modern market economy.
Download or read book Russia Rebounds written by Mr.David Edwin Wynn Owen and published by International Monetary Fund. This book was released on 2003-09-09 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia Rebounds analyzes Russia’s dramatic economic recovery since the country’s 1998 financial crisis, emphasizing macroeconomic issues and fiscal and banking sector reforms. The crisis was a massive shock to the system and a considerable surprise to both Russians and foreign investors, who a year before had come to think that the worst of the transition from a centrally planned to a market economy was over. Macroeconomic performance since the crisis has been impressive. The book assesses the contribution of various factors underlying this recovery and highlights key policy challenges to ensure its sustainability.
Download or read book Russian Debts and Russian Reconstruction written by Leo Pasvolsky and published by . This book was released on 1924 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Different Country written by Lúcio Vinhas de Souza and published by CEPS. This book was released on 2008 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany's GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic - and political - actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate-General for Economic and Financial Affairs of the European Commission, reviews the country's evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia's sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.
Download or read book Russia s Economy written by Charles Wolf (Jr.) and published by Rand Corporation. This book was released on 2006 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sixteen years after the Soviet Union's demise, the Russian economy can still be appropriately characterized as transitional. The authors shed light on ambiguities surrounding this status through an exploration of four questions related to issues of interest to government decisionmakers.
Download or read book Russia s Economic Recovery by Sectors written by Ben Slay and published by . This book was released on 2006 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Piratization of Russia written by Marshall I. Goldman and published by Routledge. This book was released on 2003-04-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.
Download or read book Russian Debts and Russian Reconstruction written by Leo Pasvolsky and published by Literary Licensing, LLC. This book was released on 2012-04-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economy Market the State written by Лев Семенович Черной and published by . This book was released on 2002 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russian Debts and Russian Reconstruction written by Leo Pasvolsky and published by . This book was released on 1924 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russia s Economic Recovery by Sector written by Ben Slay and published by . This book was released on 2006 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Crisis Economy Recovery and Banking Development in Russia written by Chenggang Xu and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds a model that provides a unified explanation for the onset of the financial crisis in 1998 and the striking economic recovery in Russia afterwards. We argue that before the crisis, the banking sector in Russia was stuck in a banking development trap due to firms incentives to raise liquidity through barter trade and due to the government over issuing of bonds to finance the budget. The banking development trap arises due to an externality that barter trade generates on the lending rates of banks. It is sustained by high yields of government bonds which induces banks to invest in treasury bills rather than to lend to firms. The financial crisis in August 1998 reversed this process and thus acted as a trigger to get out of this trap. This has led to the strong economic recovery and provided initial conditions for banking development. We provide empirical evidence for the banking development trap with firm level data from Ukraine in 1997 and for the financial crisis as a trigger for banking development with country level data for transition conomies.
Download or read book Global Economic Prospects 2010 written by World Bank and published by World Bank Publications. This book was released on 2010-02-12 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The crisis has deeply impacted virtually every economy in the world, and although growth has returned, much progress in the fight against poverty has been lost. More difficult international conditions in the years to come will mean that developing countries will have to place even more emphasis on improving domestic economic conditions to achieve the kind of growth that can durably eradicate poverty.� —Justin Yifu Lin, Chief Economist and Senior Vice President The World Bank 'Global Economic Prospects 2010: Crisis, Finance, and Growth' explores both the short- and medium-term impacts of the financial crisis on developing countries. Although global growth has resumed, the recovery is fragile, and unless business and consumer demand strengthen, the world economy could slow down again. Even if, as appears likely, a double-dip recession is avoided, the recovery is expected to be slow. High unemployment and widespread restructuring will continue to characterize the global economy for the next several years. Already, the crisis has provoked large-scale human suffering. Some 64 million more people around the world are expected to be living on less than a $1.25 per day by the end of 2010, and between 30,000 and 50,000 more infants may have died of malnutrition in 2009 in Sub-Saharan Africa, than would have been the case if the crisis had not occurred. Over the medium term, economic growth is expected to recover. But increased risk aversion, a necessary and desirable tightening of financial regulations in high-income countries, and measures to reduce the exposure of developing economies to external shocks are likely to make finance scarcer and more costly than it was during the boom period. As a result, just as the ample liquidity of the early 2000s prompted an investment boom and an acceleration in developing-country potential output, higher costs will likely yield a slowing in developing-country potential growth rates of between 0.2 and 0.7 percentage points, and as much as an 8 percent decline in potential output over the medium term. In the longer term, however, developing countries can more than offset the implications of more expensive international finance by reducing the cost of capital channeled through their domestic financial markets. For more information, please visit www.worldbank.org/gep2010. To access Prospects for the Global Economy, an online companion publication, please visit www.worldbank.org/globaloutlook.
Download or read book The Russian Far East and Pacific Asia written by Michael John Bradshaw and published by Routledge. This book was released on 2001 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major study assesses prospects for economic recovery in the Russian Far East, evaluating foreign trade and investment, political and economic forces, patterns of resource supply and needs in Pacific Asia, and potential competitors. It concludes that this unfulfilled potential has as much to do with conditions in Russia as the downturn caused by the Asian crisis.
Download or read book The Russian Far East and Pacific Asia written by M. J. Bradshaw and published by Routledge. This book was released on 2015-03-31 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major study assesses prospects for economic recovery in the Russian Far East, evaluating foreign trade and investment, political and economic forces, patterns of resource supply and needs in Pacific Asia, and potential competitors. It concludes that this unfulfilled potential has as much to do with conditions in Russia as the downturn caused by the Asian crisis.
Download or read book Prospects for Russia s Economic Future written by Michael Schearer and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the collapse of the Soviet Union in 1991, one of the most pressing and ever-present problems facing Russia has been that of its economy. Despite billions upon billions of dollars of foreign and international aid, Russia's economy continues to sink. The already-bad situation took a turn for the worse in August 1998 when a serious financial crisis gripped Russia. The result was that the government defaulted on its domestic debt and caused a major devaluation of the ruble. The Russian government would have the international community believe that more World Bank and International Monetary Fund (IMF) loans to prop up the Russian economy and maintain the value of the ruble would be the first step to economic recovery. Through July, the IMF had already loaned Russia over $18 billion. And on July 13, it approved another $22.6 billion to bail out Russia's failing economy. The goal of this paper is three-fold: first, to understand the causes of Russia's economic failure; second, to examine the current state of affairs; and finally, to proffer a realistic set of policy options upon which Russia's economy can be rebuilt. Will more international loans save the Russian economy? Or, as more people are beginning to suggest, is there another way?
Download or read book Government Policies and the Delayed Economic Recovery written by Lee E. Ohanian and published by Hoover Press. This book was released on 2013-09-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change to restore prosperity in America.
