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Economic History Of The Russian Federation
After the dissolution of the Soviet Union in 1991 and the end of its centrally-planned economy, the Russian Federation succeeded it under president Boris Yeltsin. The Russian government used policies of Shock therapy (economics), shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession. GDP per capita levels returned to their 1991 levels by the mid-2000s. The economy of Russia is much more stable today than in the early 1990s, but inflation still remains an issue. Historically and currently, the Russian economy has differed sharply from major developed economies because of its weak legal system, underdevelopment of modern economic activities, technological backwardness, and lower living standards. Historical background Economic history of the Russian Empire Russian national income per capita increased and moved to closer to the most developed economies of Northern and Western Europe from the late 17th cen ...
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Russian Inflation Rate 1993-2022
Russian(s) may refer to: *Russians (), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *A citizen of Russia *Russian language, the most widely spoken of the Slavic languages *''The Russians'', a book by Hedrick Smith *Russian (comics), fictional Marvel Comics supervillain from ''The Punisher'' series *Russian (solitaire), a card game *Russians (song), "Russians" (song), from the album ''The Dream of the Blue Turtles'' by Sting *"Russian", from the album ''Tubular Bells 2003'' by Mike Oldfield *"Russian", from the album ''Robot Face, '' by Caravan Palace *Nik Russian, the perpetrator of a con committed in 2002 See also

* *Russia (other) *Rus (other) *Rossiysky (other) *Russian River (other) *Rushen (other) {{Disambiguation Language and nationality disambiguation pages ...
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Joseph Stalin
Joseph Vissarionovich Stalin (born Dzhugashvili; 5 March 1953) was a Soviet politician and revolutionary who led the Soviet Union from 1924 until Death and state funeral of Joseph Stalin, his death in 1953. He held power as General Secretary of the Communist Party of the Soviet Union, General Secretary of the Communist Party from 1922 to 1952 and as the fourth Premier of the Soviet Union, premier from 1941 until his death. He initially governed as part of a Collective leadership in the Soviet Union, collective leadership, but Joseph Stalin's rise to power, consolidated power to become an absolute dictator by the 1930s. Stalin codified the party's official interpretation of Marxism as Marxism–Leninism, while the totalitarian political system he created is known as Stalinism. Born into a poor Georgian family in Gori, Georgia, Gori, Russian Empire, Stalin attended the Tiflis Theological Seminary before joining the Marxist Russian Social Democratic Labour Party. He raised f ...
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External Debt
A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents. The debtors can be government, governments, corporation, corporations or citizens. External debt may be denominated in domestic or foreign currency. It includes amounts owed to private commercial banks, foreign governments, or international financial institutions such as the International Monetary Fund (IMF) and the World Bank. External debt measures an economy's obligations to make future payments and, therefore, is an indicator of a country's vulnerability to solvency and liquidity problems. Another useful indicator is the ''net'' external debt position, which equals gross external debt minus external assets in the form of debt instruments. A related concept is the net international investment position (net IIP). Provided that debt securities are measured at market value, the net external debt position equals the net IIP excluding equity and investment fund share ...
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Jeffrey Sachs
Jeffrey David Sachs ( ; born November 5, 1954) is an American economist and public policy analyst who is a professor at Columbia University, where he was formerly director of The Earth Institute. He worked on the topics of sustainable development and economic development. Sachs is director of the Center for Sustainable Development at Columbia University and president of the UN Sustainable Development Solutions Network. He is an SDG Advocate for United Nations (UN) Secretary-General António Guterres on the Sustainable Development Goals (SDGs), a set of 17 global goals adopted at a UN summit meeting in September 2015. From 2001 to 2018, Sachs was special advisor to the UN Secretary General, and held the same position under the previous UN Secretary-General Ban Ki-moon and prior to 2016 a similar advisory position related to the earlier Millennium Development Goals (MDGs),
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real versus nominal value (economics), real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. Effective capital controls and currency substitution ("dollarization") are the orthodox solutions to ending short-term hyperinflation; however, there are significant social and economic costs to these policies. Ineffective implementations of these solutions often exacerbate the situation. Many governments choose to attempt to solve structural issues without resorting to those solutions, with the goal of bringing inflation down slowly while minimizing social costs of further economic shocks; however, this can lead to a prolonged period of high inflation. Unlike low inflation, where the process of rising prices is protracted and not generally noticeab ...
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History Of The Soviet Union (1985–1991)
The history of the Soviet Union (USSR) (1922–91) began with the ideals of the Russian Bolshevik Revolution and ended in dissolution amidst economic collapse and political disintegration. Established in 1922 following the Russian Civil War, the Soviet Union quickly became a one-party state under the Communist Party of the Soviet Union, Communist Party. Its early years under Vladimir Lenin, Lenin were marked by the implementation of socialist policies and the New Economic Policy (NEP), which allowed for market-oriented reforms. The rise of Joseph Stalin in the late 1920s ushered in an era of intense centralization and totalitarianism. Stalin's rule was characterized by the forced Collectivization in the Soviet Union, collectivization of agriculture, rapid Industrialization in the Soviet Union, industrialization, and the Great Purge, which eliminated perceived enemies of the state. The Soviet Union played a crucial role in the Allies of World War II, Allied victory in World War ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ...
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Mikhail Gorbachev
Mikhail Sergeyevich Gorbachev (2 March 1931 – 30 August 2022) was a Soviet and Russian politician who served as the last leader of the Soviet Union from 1985 to dissolution of the Soviet Union, the country's dissolution in 1991. He served as General Secretary of the Communist Party of the Soviet Union from 1985 and additionally as head of state beginning in 1988, as Chairman of the Presidium of the Supreme Soviet from 1988 to 1989, Chairman of the Supreme Soviet from 1989 to 1990 and the president of the Soviet Union from 1990 to 1991. Ideologically, Gorbachev initially adhered to Marxism–Leninism but moved towards social democracy by the early 1990s. Gorbachev was born in Privolnoye, Stavropol Krai, Privolnoye, North Caucasus Krai, to a poor peasant family of Russian and Ukrainian heritage. Growing up under the rule of Joseph Stalin, in his youth he operated combine harvesters on a Collective farming, collective farm before joining the Communist Party of the Soviet Union, ...
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Perestroika
''Perestroika'' ( ; rus, перестройка, r=perestrojka, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg, links=no) was a political reform movement within the Communist Party of the Soviet Union (CPSU) during the late 1980s, widely associated with CPSU general secretary Mikhail Gorbachev and his '' glasnost'' (meaning "transparency") policy reform. The literal meaning of ''perestroika'' is "restructuring," referring to the restructuring of the political economy of the Soviet Union in an attempt to end the Era of Stagnation. ''Perestroika'' allowed more independent actions from various ministries and introduced many market-like reforms. The purported goal of ''perestroika'' was not to end the planned economy, but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics. The process of implementing ''perestroika'' added to existing shortage and created political, social, and economic tensions wi ...
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Soviet Electric Grid 82
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a transcontinental country that spanned much of Eurasia from 1922 until it dissolved in 1991. During its existence, it was the largest country by area, extending across eleven time zones and sharing borders with twelve countries, and the third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of national republics, the largest and most populous of which was the Russian SFSR. In practice, its government and economy were highly centralized. As a one-party state governed by the Communist Party of the Soviet Union (CPSU), it was a flagship communist state. Its capital and largest city was Moscow. The Soviet Union's roots lay in the October Revolution of 1917. The new government, led by Vladimir Lenin, established the Russian SFSR, the world's first constitutionally communist state. The revolution was not accepted by all wi ...
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Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the Market (economics), market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of Social ownership, socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to ...
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Kolkhoz
A kolkhoz ( rus, колхо́з, a=ru-kolkhoz.ogg, p=kɐlˈxos) was a form of collective farm in the Soviet Union. Kolkhozes existed along with state farms or sovkhoz. These were the two components of the socialized farm sector that began to emerge in Agriculture in the Soviet Union, Soviet agriculture after the October Revolution of 1917, as an antithesis both to the feudalism, feudal structure of impoverished serfdom and aristocracy, aristocratic landlords and to individual or family farming. Initially, a collective farm resembled an updated version of the traditional Russian obshchina "commune", the generic "farming association" (''zemledel’cheskaya artel’''), the Association for Joint Cultivation of Land (TOZ), and finally the kolkhoz. This gradual shift to collective farming in the first 11 years after the October Revolution was turned into a "violent stampede" during the collectivization in the Soviet Union, forced collectivization campaign that began in 1928. Name T ...
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