Russias Economic Freefall

Abstract: A 7 page paper discussing reasons that Russia has had such difficulty in changing from a centrally planned economy to a free market structure when there was so much hope for economic greatness early on. Many officials of the former communist government have become wealthy from corrupt practices over the years as they have relieved the Russian economy of billions of dollars that could have been used for economic development, and organized crime is active in a high percentage of Russian transactions. The government may be unable to do anything about those particular conditions for the time being, but it can follow a short-term course of increased privatization, restructuring and implementing the IMF=s suggestions in order to achieve stabilization so that it can undertake other reforms. Bibliography lists 10 sources.

Filename: KSrussia.doc

Pages: 7

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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