Russia Economy Analysis Research Paper Example | Topics and Well Written Essays - 3750 words

Russia Economy Analysis - Research Paper Example Russia was the country most affected during the 2008-2009 recession as the world bank assistance reduced and the oil prices plummeted globally. The World Bank has analyzed that the country’s financial aid was less than 7% of its GDP. But mid – 2009, the economy hit rock bottom, but by the third quarter economy got revitalized in small way. As the oil price grew, the country was able to lift its economy and could also balance the deficit it inherited from 2008-2009. With reduction in the inflation,the country also lowered it unemployment rates and surprised its counterparts to a great level. In 2012, Russia joined hands with World Trade Organization which helped the country in lifting trade barriers and find new ways to upgrade its export of commercial goods. History and background of the country The history of Russia can be related back to the rule of Soviet Union, when the country was experiencing numerous changes in cultural ,social and political arena. During this pe riod, the economy of Russia was under the control of Bolsheviks but Lenin thought that country’s attempt to switch to a market economy would help the country to recover from the loss attained during previous three years. The new economic policy helped the country to boost its economy and led to prosperity with much advanced infrastructure. Meanwhile , the country also revitalized itself by establishing a good political position as a soviet union government. In this period,Russia also developed its radical novel style of constructivism, futurism and supermatism. During this period the country was in turmoil, still there was optimism and positivity in the midst of challenges. It was during this... The history of Russia can be related back to the rule of Soviet Union, when the country was experiencing numerous changes in cultural ,social and political arena. During this period, the economy of Russia was under the control of Bolsheviks but Lenin thought that country’s attempt to switch to a market economy would help the country to recover from the loss attained during previous three years. The new economic policy helped the country to boost its economy and led to prosperity with much advanced infrastructure. Meanwhile , the country also revitalized itself by establishing a good political position as a soviet union government. In this period,Russia also developed its radical novel style of constructivism, futurism and supermatism. During this period the country was in turmoil, still there was optimism and positivity in the midst of challenges. It was during this period that Lenin’s death occurred and this aggravated struggle for power from the part of communist party. This phase was followed by the victory of Joseph Stalin and immediately he directed the country on a different direction. The Stalin’s rule brought new economic plan and it gave importance to agricultural sector and had plans to revive and upgrade the rural state run farms. Industrial development was the main motive of the government and production was directed on capital equipment rather than consumer products. Soviet realism emerged and the art and literature was kept under tight control.