The Russia economy is growing and this is one of the biggest news stories considering the current economic climate in which we find ourselves. There are many who are convinced that the global recession is worse than the Great Depression and that this could go on for years to come. This is all speculation though and no-one seems to be sure, but it worries stock market beginners. What is certain though is that times are very tough indeed.
Russia is still considered to be a place of mystery by some because we have not seen as much of the country's history as others. The cloak of communism kept the country and its happenings under wraps for a long time. The fall of the Berlin Wall meant that things were to change forever in 1989.
This change meant that the country was suddenly thrown into the international economy and at first it must be said that it did not do too well at all. While this was of course a failing for the country itself, it was also a poor reflection on the western economists that had provided advice to the Russian government. Hindsight suggested that Russia should have taken the same path as China.
While it is too late to change this now, it would seem that the Russian economy has bounced back and it is one of the few in the world at the moment that is actually growing. A lot of this is put down to the mineral wealth of the county and the fact that it is also focused on diversifying its economy.
The government wants to ensure that the success of the whole economy is not just bound to one economic activity. So they will work to ensure that the country of Russia can rely on activities such as services going forward. This is a strategy that many other countries have used successfully in the past.
If they are going to continue with this type of policy then one would expect that the situation where the Russia economy is growing is not going to change.
Russia is still considered to be a place of mystery by some because we have not seen as much of the country's history as others. The cloak of communism kept the country and its happenings under wraps for a long time. The fall of the Berlin Wall meant that things were to change forever in 1989.
This change meant that the country was suddenly thrown into the international economy and at first it must be said that it did not do too well at all. While this was of course a failing for the country itself, it was also a poor reflection on the western economists that had provided advice to the Russian government. Hindsight suggested that Russia should have taken the same path as China.
While it is too late to change this now, it would seem that the Russian economy has bounced back and it is one of the few in the world at the moment that is actually growing. A lot of this is put down to the mineral wealth of the county and the fact that it is also focused on diversifying its economy.
The government wants to ensure that the success of the whole economy is not just bound to one economic activity. So they will work to ensure that the country of Russia can rely on activities such as services going forward. This is a strategy that many other countries have used successfully in the past.
If they are going to continue with this type of policy then one would expect that the situation where the Russia economy is growing is not going to change.
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