Economic System of Russia & US

 
 
 
 
Since the mid-1980s, the economic system in the former Soviet Union has ostensibly moved toward a more open and capitalistic system. The implementation of capitalism has met with varying degrees of success in the various states which have emerged from the former Soviet Union. In Russia, the once centrally planned economy gave way to markets which were much more open, but the results of those open markets was decidedly mixed. As the Russian economy has encountered problems in recent years, there have been calls for a return to an economic system which is more planned than that which currently exists. This research examines the economic systems of Russia and the United States as a new millenium begins.

In general, Russia was hesitant about implementing market reform. Many Russian citizens actively opposed reforms while some politicians saw market reform as a way to fix the inefficiencies of the old system rather than as a new system. From this standpoint, Russian implemented programs on top of the former system rather than creating a separate system. The goal was to increase consumption standards and become more competitive in the international market; this gave considerable support to those who wanted to reduce military expenditures (Gaddy & Ickes, 1999, p. 44).

One of the most significant impediments to reform was the fact that Russia had labored under a centrally planned economy much longer than many other former mem

     
 
 
 
    

 

Related Essays

The Economies of the US & Russia The Economies of the US & Russia. Since the mid-1980s, the economic system in the former Soviet Union has ostensibly moved toward a more open and capitalistic .... (1618 6 )

Russia & China Economy .... Cold War between Russia and the US drained the .... was much more liberal and began earlier than Russia who had been used to the same economic system for almost .... (708 3 )

Economic Conditions of Present-Day Russia .... of social dislocation caused by economic reconfiguration of .... interpenetrates with educational realities in Russia. .... sponsored education under the Soviet system. .... (4494 18 )

Economic Aid to Russia The purpose of this paper is to analyze an .... state-controlled economy to a free enterprise system. .... own deficit problems), its economic development certainly .... "Russia Legislators Lash Out at Yeltsin." Los .... (2676 11 )

US/Russia Conflict & Collaboration .... and by the United States and Russia in the .... states in a . . . system." NATO is a politically oriented .... its support for NATO were essentially economic in character .... (7243 29 )


Category: Economics - E
 
 
 
Common Topics
 
 
 
 
 
 
 
Click Here to Get Instant Access to over 32,000 Professionally Written Papers!!!
 
 
 
Join Now  
 
 
 
 
 
Saved Papers  
 
 
Save your essays here so you can locate them quickly!
 
 
 
Testimonials  
 
"This site is an excellent vehicle for quick referrences. Thanks a bunch!"
Carla T.
 
"Great site, I got a lot of new ideas I would have never thought of before."
Nate A.
 
"I love this site!!!"
Marie H.
 
"Thank you for making such a high quality site! Your papers are the best I have seen around"
Debbie B.
 
"Your site was very helpful and gave me the details I needed in order to complete my essay!!!"
Mike F.
 
 
 
 
Copyright © 2007 - 2014 Lots of Essays. All Rights Reserved. DMCA