|
Yeltsin–Gaidar Government Reforms
The Yeltsin–Gaidar government reforms (), known also as the Gaidar reforms are the changes in the economy of Russia and public administration system carried out by the Cabinet of Boris Yeltsin and Yegor Gaidar from January 2 to December 15, 1992. The Yeltsin-Gaidar government liberalized retail prices, liberalized foreign trade, reorganized the tax system and other reforms that radically changed the economic situation in the country. The result of the reforms is Russia's transition to a market economy. During the reform of retail price liberalization, prices increased 10,000 times, and after the reform to the present day, approximately 325 times. Economic situation before the start of reforms In December 1992, Yegor Gaidar reported to the 7th Congress of People's Deputies of Russia that the primary problem at the start of the government's work was to prevent disruptions in the life support system, primarily in food supplies. According to data cited by economist Yevgeny Yasin, by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Russia
The economy of Russia is an Developing country, emerging and developing, World Bank high-income economy, high-income, industrialized, mixed economy, mixed Market economy, market-oriented economy. —Rosefielde, Steven, and Natalia Vennikova. "Fiscal Federalism in Russia: A Critique of the OECD Proposals". ''Cambridge Journal of Economics'', vol. 28, no. 2, Oxford University Press, 2004, pp. 307–18, . —Robinson, Neil. "August 1998 and the Development of Russia's Post-Communist Political Economy". ''Review of International Political Economy'', vol. 16, no. 3, Taylor & Francis, Ltd., 2009, pp. 433–55, . —Charap, Samuel. “No Obituaries Yet for Capitalism in Russia". ''Current History'', vol. 108, no. 720, University of California Press, 2009, pp. 333–38, . —Rutland, Peter. "Neoliberalism and the Russian Transition". ''Review of International Political Economy'', vol. 20, no. 2, Taylor & Francis, Ltd., 2013, pp. 332–62, . —Kovalev, Alexandre, and Alexandre Sokalev. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moldavian Soviet Socialist Republic
The Moldavian Soviet Socialist Republic or Moldavian SSR (, mo-Cyrl, Република Советикэ Сочиалистэ Молдовеняскэ), also known as the Moldovan Soviet Socialist Republic, Moldovan SSR, Soviet Moldavia, Soviet Moldova, or simply Moldavia or Moldova, was one of the 15 republics of the Soviet Union which existed from 1940 to 1991. The republic was formed on 2 August 1940 from parts of Bessarabia, a region Soviet occupation of Bessarabia and Northern Bukovina, annexed from Romania on 28 June of that year, and parts of the Moldavian Autonomous Soviet Socialist Republic, an Autonomous Soviet Socialist Republics, autonomous Soviet republic within the Ukrainian SSR. After the Independence of Moldova, Declaration of Sovereignty on 23 June 1990, and until 23 May 1991, it was officially known as the Soviet Socialist Republic of Moldova. From 23 May 1991 until the declaration of independence on 27 August 1991, it was renamed the Republic of Moldova while ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demographics Of Russia
Russia has an estimated population of 146.0 million as of 1 January 2025, down from 147.2 million recorded in the 2021 census. It is the most populous country in Europe, and the ninth-most populous country in the world. Russia has a population density of , with its overall life expectancy being 73 years (68 years for males and 79 years for females) . The total fertility rate across Russia was estimated to be 1.41 children born per woman , which is in line with the European average. It has one of the oldest populations in the world, with a median age of 41.9 years. By the end of 2024, the natural decline of the Russian population amounted to 596.2 thousand people, according to published data from Rosstat. Compared to the end of 2023, the indicator increased by 20.4% (from 495.3 thousand). From 1992 to 2012, and again since 2016, Russia's death rate has exceeded its birth rate, which has been called a demographic crisis by analysts. In 2009, Russia recorded annual populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sergey Kara-Murza
Sergey Georgyevich Kara-Murza (; born January 23, 1939) is a Soviet and Russian chemist, historian, political philosopher and sociologist. Biography Sergey Kara-Murza was graduated with degree in chemistry from Moscow State University in 1961. Between 1966 and 1972 he worked as a Soviet chemical specialist in Cuba. In 1983 Sergey Kara-Murza defended his doctoral thesis in history of science and technology and in 1988 became a professor. Sergey Kara-Murza taught in Russia and Spain and authored several publications and academic studies dedicated to history, science and society. His theory that the golden billion, the population of the most developed countries (including the poor) lives off the rest of humanity, is popular in the Russian-speaking world. His most prominent works: ''Mind Manipulations'' published in 2000 was dedicated to establishing and describing the problem of manipulation of public opinion by pro-Western mass media in Russia and '' Soviet Civilization'', a w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free market and '' laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planned Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Types Of Legal Entities In Russia
Russian businesses may have one of several types of legal status. A business may operate as a limited liability company, or as a public or private joint-stock company, or may be run by a sole proprietor. Other types of commercial and non-commercial organizations are also recognized. Limited liability company (LLC) *OOO, LLC is set up by one or several persons (legal entities and/or individuals), its charter capital is divided into participatory shares, and LLC participants are not liable for company's obligations and bear the risk of losses to the extent of the contributions made by them. The number of shareholders may not exceed 50. LLC is the most popular legal entity because of simple registration and simplified taxation. LLC can be registered within 3 business days after submitting the documents. In most cases LLCs are eligible for simplified taxation: 15 per cent profits tax or 6 per cent income tax. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Union
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). There are three types of currency unions: * ''Informal'' – unilateral adoption of a foreign currency. * ''Formal'' – adoption of foreign currency by virtue of bilateral or multilateral agreement with the monetary authority, sometimes supplemented by issue of local currency in currency peg regime. * ''Formal with common policy'' – establishment by multiple countries of a common monetary policy and monetary authority for their common currency. The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency. Advantages and disadvantages Implementing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decree Of The President Of Russia
A Decree of the President of the Russian Federation (; ''Ukaz Prezidenta Rossiyskoy Federatsii'') or Executive Order (Decree) of the President of Russia is a legal act (''ukase'') with the status of a by-law made by the President of Russia. As normative legal acts, such have the status of by-laws in the hierarchy of legal acts (along with Decrees of the Government of the Russian Federation and instructions and directions of other officials). Presidential decrees may not alter existing laws of higher precedence – the Constitution of Russia, Federal Constitutional Laws, Federal Laws and laws of Russian regions and, till the 2020 Russian constitutional referendum, Russia's international agreements, which now however stand in lower precedence than Presidential Decrees or any other Russian state law or obligation – and may be superseded by any of these laws. History In 1992 and 1993 a constant war between President Yeltsin and the Russian parliament became known as "war of laws ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shock Therapy (economics)
In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize an economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of Post-communism, post-communist states, it was implemented in order to transition from a planned economy to a market economy. More recently, it has been implemented in Argentina by the administration of Javier Milei. Overview Shock therapy is a program intended to economically liberalize a mixed economy or transition a planned economy or developmentalist economy to a free-market economy through sudden and dramatic neoliberal reform. Shock therapy policies generally include ending price controls, stopping government subsidies, privatizing state-owned industries, and tighter fiscal policies, such as higher tax rates and lowered government spending. In essence, shock therapy policies can be distilled t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruslan Khasbulatov
Ruslan Imranovich Khasbulatov (, ; 22 November 1942 – 3 January 2023) was a Russian economist and politician and the former chairman of Parliament of Russia of Chechen descent who played a central role in the events leading to the 1993 constitutional crisis in the Russian Federation. Early life Khasbulatov was born in Tolstoy-Yurt, a village near Grozny, the capital of Chechnya, on 22 November 1942. In February 1944, he was deported to Central Asia during the Chechen deportations. After studying in Almaty, Khasbulatov moved to Moscow in 1962, where he studied law at the prestigious Moscow State University. After graduating in 1966, he joined the Communist Party of the Soviet Union. He continued his studies, focusing on the political, social and economic development of capitalist countries, and received several higher degrees between 1970 and 1980. During the 1970s and 1980s, he published a number of books on international economics and trade. Political career Entry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
