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Andrei Illarionov
Andrey Nikolayevich Illarionov (, born 16 September 1961) is a Russian economist and former senior policy advisor to Vladimir Putin, the President of Russia, from April 2000 to December 2005. Since April 2021, he is a senior fellow at the non-governmental organization Center for Security Policy, which is based out of Washington, D.C. in the United States. He has become a vocal critic of Putin and his administration since 2003 while he was still Putin's adviser. In April 2022, Illarionov declared in a news interview that change in the Kremlin would happen "sooner or later" given that "it is absolutely impossible to have any positive future for Russia with the current political regime." Early life Andrey Illarionov was born on 16 September 1961, in Sestroretsk, a municipal town of Saint Petersburg. At fifteen he started working at a communications office (telephone and postal services) in the town of Sestroretsk. He then went on to study economics at the Saint Petersburg State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libertarian Economics
Economic liberalism is a List of political ideologies, political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and Competition (economics), competition, but tend to support government intervention where it protects Property rights (economics), property rights, opens new markets or funds market growth, and resolves market failures. An economy that is m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yegor Gaidar
Yegor Timurovich Gaidar (; rus, Егор Тимурович Гайдар, p=jɪˈɡor tʲɪˈmurəvʲɪtɕ ɡɐjˈdar; 19 March 1956 – 16 December 2009) was a Soviet and Russian economist, politician, and author, and was the Acting Prime Minister of Russia from 15 June 1992 to 14 December 1992. He was the architect of the controversial shock therapy reforms administered in Russia after the dissolution of the Soviet Union, which brought him both praise and harsh criticism. He participated in the preparation of the Belovezha Accords. Many Russians held him responsible for the economic hardships that plagued the country in the 1990s that resulted in mass poverty and hyperinflation among other things, although liberals praised him as a man who did what had to be done to save the country from complete collapse. Jeffrey Sachs, director of Columbia University's Earth Institute, who advised the Russian government in the early 1990s, called Gaidar "the intellectual leader of many ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stabilization Fund Of The Russian Federation
The Stabilization fund of the Russian Federation (SFRF, ) was a sovereign wealth fund established based on a resolution of the Government of Russia on 1 January 2004, as a part of the federal budget to balance the federal budget at the time of when oil price falls below a cut-off price, currently set at US$27 per barrel. The Fund was created to create a reserve of liquidity with the additional benefit of reducing inflationary pressure and insulating the economy of Russia from volatility of raw material export earnings (for example the price of crude oil), which was among the reasons of the 1998 Russian financial crisis. In February 2008 the SFRF was split into a "Reserve Fund", which was invested abroad in low- yield securities and used when oil and gas incomes fall, and the " National Welfare Fund", which invests in riskier, higher-return vehicles, as well as federal budget expenditures. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flat Income Tax
A flat tax (short for flat-rate tax) is a tax with a single rate on the taxable amount, after accounting for any deductions or exemptions from the tax base. It is not necessarily a fully proportional tax. Implementations are often progressive due to exemptions, or regressive in case of a maximum taxable amount. There are various tax systems that are labeled "flat tax" even though they are significantly different. The defining characteristic is the existence of only one tax rate other than zero, as opposed to multiple non-zero rates that vary depending on the amount subject to taxation. A flat tax system is usually discussed in the context of an income tax, where progressivity is common, but it may also apply to taxes on consumption, property or transfers. Major categories Flat tax proposals differ in how the subject of the tax is defined. True flat-rate income tax A true flat-rate tax is a system of taxation where one tax rate is applied to all personal income with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sherpa (emissary)
A sherpa is the personal representative of a head of state or head of government who prepares an international summit, such as the annual G7 and G20 summits. Between the G7 summits there are multiple sherpa conferences where possible agreements are laid out. This reduces the amount of time and resources required at the negotiations of the heads of state at the final summit. The name sherpa—without further context—refers to sherpas for the G7 summit, but the designation can be extended to different regular conferences where the participation of the head of state is required. The sherpa is generally quite influential, although they do not have the authority to make a final decision about any given agreement. The name is derived from the Sherpa people, a Nepalese ethnic group, who serve as guides and porters in the Himalayas, a reference to the fact that the sherpa does all the heavy lifting for the principal to reach a major summit. European Union In the European Union, the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir Putin 20 October 2000-2
Vladimir (, , pre-1918 orthography: ) is a masculine given name of Slavic origin, widespread throughout all Slavic nations in different forms and spellings. The earliest record of a person with the name is Vladimir of Bulgaria (). Etymology The Old East Slavic form of the name is Володимѣръ ''Volodiměr'', while the Old Church Slavonic form is ''Vladiměr''. According to Max Vasmer, the name is composed of Slavic владь ''vladĭ'' "to rule" and ''*mēri'' "great", "famous" (related to Gothic element ''mērs'', ''-mir'', cf. Theode''mir'', Vala''mir''). The modern ( pre-1918) Russian forms Владимиръ and Владиміръ are based on the Church Slavonic one, with the replacement of мѣръ by миръ or міръ resulting from a folk etymological association with миръ "peace" or міръ "world". Max Vasmer, ''Etymological Dictionary of Russian Language'' s.v. "Владимир"starling.rinet.ru [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time (magazine)
''Time'' (stylized in all caps as ''TIME'') is an American news magazine based in New York City. It was published Weekly newspaper, weekly for nearly a century. Starting in March 2020, it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC. History 20th century ''Time'' has been based in New York City since its first issue published on March 3, 1923 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1998 Russian Financial Crisis
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the Russian rouble, ruble and sovereign default, defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries. Background and course of events The Russian economy had set up a path for improvement after the Soviet Union had split into different countries. Russia was supposed to provide assistance to the former Soviet states and, as a result, imported heavily from them. In Russia, foreign loans financed domestic investments. When it was unable to pay back those foreign borrowings, the ruble devalued. In mid-1997, Russia had finally found a way out of inflation. The economic supervisors were happy about inflation coming to a standstill. Then the crisis hit, and supervisors had to implement a new policy. Both Russia and the countries that exported to i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruble
The ruble or rouble (; rus, рубль, p=rublʲ) is a currency unit. Currently, currencies named ''ruble'' in circulation include the Russian ruble (RUB, ₽) in Russia and the Belarusian ruble (BYN, Rbl) in Belarus. These currencies are subdivided into one hundred kopeks. No kopek is currently formally subdivided, although '' denga'' (½ kopek) and ''polushka'' (½ denga, thus ¼ kopek) were minted until the 19th century. Additionally, the Transnistrian ruble is used in Transnistria, an unrecognized breakaway province of Moldova. Historically, the grivna, ruble and denga were used in Russia as measurements of weight. In 1704, as a result of monetary reforms by Peter the Great, the imperial ruble of the Russian Empire became the first decimal currency. The silver ruble was used until 1897 and the gold ruble was used until 1917. The Soviet ruble officially replaced the imperial ruble in 1922 and continued to be used until 1993, when it was formally replaced with the Russi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a '' revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute For Economic Analysis
An institute is an organizational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can be part of a university or other institutions of higher education, either as a group of departments or an autonomous educational institution without a traditional university status such as a "university institute", or institute of technology. In some countries, such as South Korea and India, private schools are sometimes referred to as institutes; also, in Spain, secondary schools are referred to as institutes. Historically, in some countries, institutes were educational units imparting vocational training and often incorporating libraries, also known as mechanics' institutes. The word "institute" comes from the Latin word ''institutum'' ("facility" or "habit"), in turn derived from ''instituere'' ("build", "create", "raise" or "educat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow
Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents within the city limits, over 19.1 million residents in the urban area, and over 21.5 million residents in Moscow metropolitan area, its metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's List of largest cities, largest cities, being the List of European cities by population within city limits, most populous city entirely in Europe, the largest List of urban areas in Europe, urban and List of metropolitan areas in Europe, metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow became the capital of the Grand Principality of Moscow, which led the unification of the Russian lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
