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Russia' Economic Transition
Beginning of essay
In August of 1991, the collapse of the communist system in the USSR and
it's neighboring republics occurred. Out of the smoke emerged fifteen new
republics and a union known as the Commonwealth of Independent States. These new
regimes faced formidable obstacles. The collapse brought massive inflati ....
Middle of essay ....ors such as transportation costs and adequate use of human
resources was very inefficient and cost-consuming. Strong influences from the
world urged Russia to make the transition into the market-oriented economy. This
seemed tempting, for the market-oriented economy preached individual wealth and
prosperity. Seeing no better solution to their current economic woes, Russian
policy-makers took the plunge.
By 1995, 4 years since the beginning of the transition into a market-
oriented economy, no .... |
Number of words: 2425 |
Approximate pages: 9 |
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