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| Details |
| Case Code: CLIBE024 |
| Case Length: 3 pages |
| Period: -- |
| Pub Date: 2005 |
| Teaching Note: Not Available |
| Subject :Business Environment |
| Price:Rs.50 |
| Organization :-- |
| Industry :-- |
| Countries : -- |
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Russia-Past Successes & Future Challenges * |
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| The caselet discusses the initiation of reforms in Russia after its formation in 1991. It follows the path of rapid progress that Russia made, surprising the world. The caselet also gives an overview of the challenges that the country may face in the future. |
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Issues: |
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- Economic reforms in Russia.
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- Reasons for growth of Russian economy.
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- SMEs posing a challenge to economic development in Russia.
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| Introduction |
Despite being hit by one crisis after the other, over the decades, Russia has always managed to emerge as a survivor. The very mention of Russia reminds one of communism, World War II, the Cold War and political and economic upheavals.
Majority of the economic disturbances were experienced by Russia when the country was transforming itself from a centrally planned economy to a free market economy after the dissolution of Soviet Union and the formation of Russia in 1991.
The government initiated many fiscal reforms after the formation of Russia to increase revenue generation....
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| Questions |
1. Discuss the challenges faced by the Russian economy after the dissolution of the Soviet Union in 1991.
2.Despite the growth in GDP in early 2000s, analysts warned that Russia was in a vulnerable position. Do you agree with this viewpoint? Justify your answer. |
Keywords |
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Communism, centrally planned economy, free market economy, fiscal reforms, short-term borrowings, Ruble, foreign direct investments (FDIs), inflation, gross domestic product, unemployment rate, small and medium-sized enterprises (SMEs), oligarchs, World Bank
* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US
$16) per copy.
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