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  • Essay / The pros and cons of the Russian economy - 712

    The Russian economy is both very complex and very terrible. Many other economies are in this situation as well, but Russia's is a very interesting thing to know. The Russian economy has many problems that, in the long run, could probably affect it negatively. But it also has a lot of positive points. Negatives and positives are, in my opinion, equal in the Russian economy. Let's start with the positives of the Russian economy. Russia has ample natural resources. They are full of wood, precious metals, oil, gas and coal. These exported resources could easily benefit their economy if other countries did not produce more resources by attracting their potential customers. But Russia's economy has recovered because it sells a lot of gas and oil to countries like Europe and Asia. The Russian economy is very stable. Some of their leaders say they are very lucky to have such a stable economy, but they don't really like it. Other countries struggling to pull their countries out of the hole they have dug themselves into would like to have the type of economy Russia has because it is so stable. But the Russians don't really like it. The reason Russians don't like this is that they are barely getting a 2% growth rate, which is not enough to actually be able to make meaningful changes to the country. If Russia had a better political system, it would probably experience stronger economic growth than today. The Russian economy is expected to continue to remain stable for several more years for multiple reasons. Some economists believe that the Russian economy will collapse very soon, but looking very closely at how the... middle of paper ...... at 30%. The Russian government has almost complete control over its economy. They can choose what the budget will be for that year. They also ensure that what they do strictly adheres to monetary policies. Their government also controls all federal property. They also do everything they can to ensure that their country is safe and will be able to defend itself in the event of an attack or invasion. In conclusion, the Russian economy has undergone many changes compared to the past. They also have a very stable economy and very low growth and some Russian leaders hate that it is that way because there is little they can do to help the economy grow more. They also have a very low unemployment rate, one of its historic lows. Overall the Russians have a good economy and they won't let it go down if they continue doing what they are doing now..