...Economic analysis Russia has the 9th largest economy in the world by nominal GDP (2097 billion USD) and the 6th largest by purchasing power parity. Since the end of Soviet Union in the early 90’s, Russia had developed a high-income economy with abundant natural resources, particularly oil and natural gas. The state has strengthen his dominance in the aerospace industry, mining, and oil and gas industries, but the budget remains heavily dependent on exports of natural resources, especially hydrocarbons which represents more than 16% of the national. Russia is also the 6th biggest producer of oil with Gazprom and finally the 2nd largest oil export of the world. As we can see on this map, actually oil and gas is brought from many part of the territory by pipeline and is routed in many countries of Europe and near East. According to the Us Energy Information Administration, in 2011 France imported more than 200 thousands barrels per day, and Germany about 700 hundreds of barrels per day, which represent one third of the German consumption in oil and gas. The independence of much European country into Russian gas and oil is one of the main strength of this new economy, it lead to an positive exchange balance and better and strong relationships as we know, with country like Germany, Netherlands and finally China. It is essential in order to analyze Russian economy, to understand that the labor force is not only based on industry force because this last sector represents 37...
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...How far were the economic reforms of Witte the most important development within Russia between 1881-1903? (30 marks) It is a compelling argument that the reforms of Witte were the most important development in Russia between 1881-1903. Witte, as Finance Minister, was in a unique position to improve the great power status of Russia by improving the one thing that was holding the country back; it’s economy. There were several strands to his economic development of Russia such as establishing better communication between east and west by building the Trans-Siberian railway, using state intervention to increase the production of primary industries such as iron, coal and oil and opening up the vast potential of Siberia. However, to a lesser extent it can be argued that Witte’s policies had little effect on Russia, as it remained a largely peasant society with the serfs being tied to their land through crippling debts due to redemption payments. Also, the industrialisation of Russia led to social unrest which may in turn have led Russia to regress. Finally, other developments such as Russification and the repressive policies of Tsar Alexander III, again may have negated any positive change that Witte’s reforms brought. Some historians argue that the policies of Witte were the most important in the development of Russia between 1881-1903. This is a compelling argument because unlike the previous finance ministers, he tackled the issues that were really holding the economy back...
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...Country Analysis: Russia MBA Fall 2015 International Management in Sport and Entertainment Table of Contents Country Analysis: Russia 1 Introduction 1 Economic Environment 1 Political and Legal Environment 2 Culture 2 Conclusion 6 Country Analysis: Russia Introduction Russia is the world’s largest nation, covering 6,5 million square miles, with a population of 143 million people recorded in 2014. Russia borders European and Asian countries as well as the Pacific and Arctic oceans. In order to make a decision, concerning the market expansion of an organization into Russia, the economic environment as well as the political and legal environment will be analyzed with a focus on the cultural aspects. Economic Environment Russia is one of the BRICS countries (Brazil, Russia, India, China and South Africa), which are projected to be the fastest growing emerging economies, with a combined GDP of $16 trillion. With a GDP of $2.6 trillion, Russia is a leading exporter of natural gas and oil and is the fifth largest economy in the world. Services are the largest sector of the economy and accounts for 58 percent of the GDP. The most important segments in services include wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods. This represents 17 percent of total GDP; public administration, health and education (12 percent); real estate (9 percent) and transport storage and communications (7 percent). Industry contributes...
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...Faculty of Business Studies Module: Presentation and Communication Skills Examiner: Dipl. Ök. Marina Alvares-Wegner The BRIC countries Leslie Authier Matr. No.: 7007017 E-Mail: leslieauthier@orange.fr Diana Carolina Ramirez R. Matr. No.: 7004479 E-Mail: dianacarolina_puebla@yahoo.de Maya Höpfner Matr. No.: 7003768 E-Mail: maya.hoepfner@googlemail.com Table of content 1 Introduction...................................................................................................... 2 2 The Federative Republic of Brazil .................................................................... 3 2.1 General information on the Federative Republic of Brazil....................... 3 2.2 Brazil’s connection with the European Union.......................................... 4 2.3 Brazil’s financial situation........................................................................ 5 2.4 Brazil’s imports and exports.................................................................... 6 2.5 Brazil’s leading companies ..................................................................... 9 3 The Russian Federation................................................................................. 10 3.1 General information on the Russian Federation ................................... 10 3.2 Russia’s connection with the European Union...................................... 11 3.3 Russia’s financial situation.................................................................... 12 3.4 Russia’s imports...
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...Russia Attractiveness Report Overview Russia is a country located in northern Eurasia bordering the Arctic Ocean between Europe and North Pacific Ocean. Neighboring countries include Azerbaijan, Belarus, China, Estonia, Finland, Georgia, Kazakhstan, North Korea, Latvia, Lithuania, Mongolia, Norway, Poland, and Ukraine. The geography is diverse and includes vast forests and tundra in Siberia and mountains along the southern borders. The government system is a federation. The chief of state is the President and the head of government is the Premier. Russia has transitioned from a centrally planned economy to a more market-based economy in which many state-controlled firms have been privatized and sectors of the economy are liberalized. Russia is a member of the Eurasian Economic Community (EAEC), Asian Pacific Economic Cooperation (APEC), and Black Sea Economic Cooperation (BSEC). With a population of 142 million people and a place within the top 10 economies of the world, Russia is, without a doubt, an emerging economic powerhouse. Since late 1999 and the beginning of high oil prices and the arrival of President Putin, the economic situation in Russia has stabilized and in many cases even flourished. On the back of revenues from oil and gas the economy has been given the chance to consolidate and diversify and Russia has climbed to become the EU’s third trading partner, with growth rates of around 6-7% over the last 10 years and Foreign Direct Investment per capita exceeding...
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...A2 Russia and its Rulers 1855–1964 Past Questions workbook How to use this booklet Your Russia and Cold War teachers will discuss what they want you to do in each Cold War lesson (now that your coursework is finished). This booklet has a page for each examination question that has been asked about our course since the change of course in 2010. For each question there is a section from the guidance given to examiners for marking it, and a section from the examiner’s report on each question. Each page also contains a section where you can record what you have learned about answering each question. Tackling past questions is an excellent way of revising. You could be doing several things in any order: * Reading the examiner’s remarks; * Planning an answer to the question; * Using your notes to find the evidence you’ll need to answer each question; * Sending a plan to a friend for constructive criticism. Before you get going – please note the advice that the Chief Examiner has given to his exam markers for the last year: ------------------------------------------------- “Candidates are expected to demonstrate understanding of the issues in each of their selected questions over a period of at least a hundred years (unless an individual question specifies a slightly shorter period.) Candidates are reminded of the synoptic nature of the Unit. Answers are required to demonstrate understanding of the processes of historical continuity, development...
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...those of Siberia and the Russian Far East. The East European Plain covers most of European Russia. The West Siberian spreads east to the Yenisei River. The vegetation and terrain are very alike in all of these natural zones but Russia contains nearly all the major vegetation zones of the world. With long winters and little sunshine, the tundra is Russia's northernmost zone. Taiga stretches from the western borders of Russia to the Pacific. Taiga is divided in two east and west. The east has a mainland climate and the west has a milder climate. 2. Describe some of the high environmental costs of industrialization within...
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...India-Russia Relations Relations with Russia are a key pillar of India's foreign policy and Russia has been a longstanding time-tested partner of India. Since the signing of “Declaration on the India-Russia Strategic Partnership” in October 2000 (during the visit of President Vladimir Putin to India), India-Russia ties have acquired a qualitatively new character with enhanced levels of cooperation in almost all areas of the bilateral relationship including political, security, trade and economy, defense, science and technology and culture. Under the Strategic Partnership, several institutionalized dialogue mechanisms operate at both political and official levels to ensure regular interaction and follow up on cooperation activities. During the visit of Russian President to India in December 2010, the Strategic Partnership was elevated to the level of a “Special and Privileged Strategic Partnership”. Political Relations: Annual Summit meeting between the Prime Minister of India and the President of the Russian Federation is the highest institutionalized dialogue mechanism under the Strategic Partnership between India and the Russian Federation. So far 14th Annual Summit meetings have taken place alternatively in India and Russia. The last (14th) Annual Summit was held in Moscow on 21 October 2013 when PM Dr. Manmohan Singh visited Moscow and had a meeting with President Putin. A Joint Statement “Deepening the Strategic Partnership for Global Peace and Stability” was adopted during...
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...Friedman) economics (2007). Not only do these disastrous events make countries susceptible to increased exploitation from free market capitalists looking to profit from disaster, their radical economic policies and the massive privatization of public schools, utilities, health care and other public services, but also, as Klein describes in the book, it has led to some of the most atrocious and violent acts carried out by governments and their army and police forces throughout the world. Klein begins with describing the events that took place immediately after Louisiana was hit by Hurricane Katrina. She introduces us to Milton Friedman, author of Capitalism and Freedom and the one responsible for using “shock therapy” to implement Chicago School economics in other countries. Friedman’s goal was to recreate societies and return them to a pure capitalist state without any interruptions, government regulations, trade barriers and entrenched interests (Klein, 2007). In addition, he believed that the reformation to pure capitalism of these societies was not possible without the presence of a disaster or state of collective shock. When disaster strikes, societies have the “clean slate” that Friedman says is Gaines 2 ideal grounds for introducing his policies. In 1982 Friedman famously wrote “only a crisis, real or perceived, produces real change.” Friedman states that at this point, the society needs painful shocks (bitter medicine), which in his case were new economic and government...
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...marking the beginning of a period of immense change in Russia (“Vladimir Putin”). When Yelstin resigned, Russia was in a state of political and economic turmoil. Vladimir Putin was put into power and he immediately began the struggle of trying to rehabilitate Russia. Putin offered stability and gave the confused country direction and structure. He diligently worked at reducing the concerns and problems presented in the early years after the fall of Communism such as corruption, economic strife and improved foreign relations. His way of leading Russia became a new form of government in and of itself: a unique intermediate leadership between Western style democracy and Communist leadership. Putin found a way to combine ideals of both in a way that was most beneficial for the majority of Russia. Putin’s ideals for Russia offer an extreme change in economy, moving away from the outdated state controlled government and current oligarch system, and towards economic self-sufficiency. When Putin inherited the country from Yelstin, the economy was incredibly unstable. The 1998 financial crisis, the lowest economic point in Russia history, was only one year prior to Putin taking office. In 1999 the gross domestic product (GDP) of Russia was at a record low of $125 million. (“Russian Economy”) In perspective, The United States GDP in 1999 was over nine billion. Under the Putin administration, the GDP more than doubled, putting Russia as the seventeenth highest GDP in 2006 (“Russian Economy”)...
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...What significance did The Great Patriotic War have on Russia in the period of 1941-1945? On June 22 1941, Germany launched Operation Barbarossa; an full scale military invasion against Russia; forcing her entry into The World War causing devastating consequences in all of Russian society, as well as her domestic economic and political affairs throughout 1941-1945. The war featured social effects; the ‘war of annihilation’ of the Russian citizens by Germany in pursuit of Moscow and the increased need of unity and patriotism domestically, economic effects; the complete transition to Russian war time economy to fuel the war and the devastation of Russian industries, however it was the consolidation of Stalin’s communist leadership that was to reign the most significant in terms of its domestic impact but also its lasting effect. The Great Patriotic war forced the Russian economy to transition into a war time economy to fuel the war effort. The final one and a half years of the 3rd five year plan saw a shift into a wartime economy as the Germany invaded Russia; increasing economic mobilisation and increased its PPP usage towards supplying the front with more resources, even more efficiently than Germany due to the war economy. By 1943 60% of Russian output was devoted to its war effort, keeping Soviet army and navy adequately supplied with rearmaments, food, and fuel throughout the war. Through propaganda, Russian labour production shifted importance from developing the economy...
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...Throughout the history United Stated and Russia have had multiple touching points. US and Russia had been competing for economic and political influence for decades, even centuries. In 19th century US and Russia even shared a land border when Russia had a settlement at Fort Ross. Russia's relations with US date all the way back to mid 19th century when Russia sold Alaska to the US. Also, Russia support of US during the Civil War was of great value. As the 20th century roled on US and Russia had seen some tension with US not recognizing Soviet Union until 1933. Nevertheless two countries still deiced to help and aid each other especially humanitarian assistance during the famine in 1921. In 1991, after the breakup of the Soviet union and the...
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...and 2008) we see a dip in GDP and a rise in inflation. Hence, the monetary policy set by the Central Bank of Russia is contingent upon the gas price. The Russian GDP has been growing staidly since 2008. We see that before the 2008 global financial crisis, Nominal GDP was on an annual rise of 7%. However, in 2008 the Oil price plummeted from 147.00USD/barrel to 50.00USD/barrel. This caused a government shortfall in the 08-09 fiscal years, and resulted in a sharp dip in nominal GDP from which Russia has yet to recover. However, despite the 2008 crisis, the Russian GDP has been growing 4.3% annually since 2008, as the price of oil continues to rise. In 2011, as Russian citizens are getting back to work, the current GDP per capita is $13,236 USD. The primary problem with the Russian economy is its historically high inflation. Only recently has the Russian economy seen an inflation number in the single digits (3.7% as of Feb. 2012). Nevertheless, in 2011, the inflation rate was a little bit under 10% and is has been in the general 10-15% range since 2004, with the 15% spike in 2008. The reason for the low inflation rate this year is based in three main areas: the contractive monetary policy, increasing interest rates, and an unpredicted strong crop harvest. The historic inflation issue has plagued Russia since long after the collapse of the Soviet Union. In 1999, Russia hit an inflation rate of a little over 90%. That being said, the main goal of the Central Bank of Russia’s monetary...
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...instigated by a pirating off the coast of Somalia. Kraig furthers in his article that the world is undergoing a dramatic ideological, political, international and economic transformation. Kraig claims that the United States’ new political and economic “threats” stem from a new source; failed states such as Somalia, Pakistan, Iran, Afghanistan, and Nigeria, as opposed to conventional superpowers such as Russia, China, Japan, or the former Soviet Union. Kraig backs his claim by citing multiple civil conflicts that indirectly effect oil prices and our economic way of life in addition to the threat of small arms and a future attack on the homeland. Initially, it is noticed that Michael Kraig has numerous fallacies in his argument that failed states pose a greater threat to the U.S. than stable nations, for one he doesn’t recognize that the threats he cites can be traced to stable nations. Many of the nations Kraig cites, including terrorist organizations are funded and supplied by Russia and China. According to the Stockholm International Peace Research Institute, Russia and China sell arms to every single nation the United States labels as a “Rogue State” or “State Sponsor of Terrorism”. Furthermore, the Congressional Research Service on August 25, 2005, listed multiple dubious transactions involving Russia, including “Russia signing an agreement with Iran to finish construction of the Bushehr nuclear power reactor, a transaction worth $800 million or more”, in 1995. Additionally...
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...Vlad Shtyrts Mr. Caruso H Mod Literature 1 May 2014 Analysis of corruption in Russia “They steal,” said Nikolai Karamzin, Russian poet, historian, and philosopher, to sum up Russia. His statement is quite accurate, because that is exactly what has been happening in Russia for the past half a millennia. Corruption is one of the main causes of all the problems in Russia. It has spread from the central government into the economy, education, health care, and national defense. Corruption directly impacts the lives of Russian citizens and the relationship with foreign nations. Russia is known to have a long history of corruption, every year it is becoming an increasing problem because it brings an overall instability to the country and affects all of its citizens. The money intended for the social systems is being routed into the pockets of rapacious politicians and criminals. What is corruption? According to the Oxford dictionary corruption is “dishonest or fraudulent conduct by those in power, typically involving bribery,” this is exactly what it means, but in Russia it is much more complex. There are many categories, types, and tier of corruption in Russia, each dealing with different aspects of the practice. Two main types exist, the grand and petty corruption. Grand corruption deals with the government branches, and has a greater monetary value. This type involves corruption in politics, lawmaking, and government contracts. Petty corruption is are the insignificant bribes...
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