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Integration into the Global Economy

 
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  • during the 1990s Russia was becoming more integrated into the global economy than the Soviet Union had been (see Tables above)

  • trade went from 17% of GDP in 1990 to 48% in 2004

  • most of this trade was with Europe, and not with the former Soviet states

  • by 2005 the Commonwealth of Independent States only accounted for 15% of Russias exports and 23% of its imports

  • Russias charge into the global market was led by the energy sector

  • Russias comparative advantage in the contemporary global economy lies in energy and energy-intensive industries such as metals and chemicals

  • oil and gas accounted for 61% of Russias export earnings in 2005, with the value of exports tripling from $76 billion in 1999 to $241 billion in 2005

  • manufactures account for only 8% of Russias exports

 
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Economy under Putin

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Russian Federation

The "Catching up" Cycles
"Non-organic" Reforms
Great Leap to Capitalism
Russia's Privatization
Deformed Capitalism
Coping with Transition
The Yeltsin Era
Yeltsin's Legacy
Putin's Plan
Russian Federalism
The Chechen Problem
"Deprivatizing" the State
First and Second Dumas
Third and Fourth Dumas
Civil Society
"Controlled" Democracy

Post-Soviet Geopolitics

Paradoxes of Russian Mentality
Economy under Putin
The Putinite Order
Putin's Choice
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Russia from A to Z

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