2018-03-13 07:34:00 Tue ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
From crony capitalism to state capitalism, what economic policy lessons can we learn from President Putin's current reign in Russia? In the 15 years of President Vladimir Putin's rule, Russia has increased its state control over economic growth that exceeds the average economic growth rate in the immediate post-communist era. With 1.5% meager economic growth, 15% inflation, and 6% unemployment, the Russian government concentrates both political and economic power in Putin's hands. This power concentration leads to a highly assertive foreign policy.
Putin uses energy as a diplomatic instrument, and abundant revenue streams from extractive oil industries obfuscate the core need for structural economic reforms in Russia. In recent years, U.S.-driven western countries impose economic sanctions on Russia and have brought about economic stagnation there. Hence, the Russian economy continues to struggle with few visible traces of new economic growth. As Europe struggles with its own economic projections due to its own economic model deficiencies, Russia shows no signs of diverting from core state capitalism without substantive evidence of a more sustainable economic model. In reality, only better political competition can induce the Putin administration to change course.
However, the current communist political landscape cannot allow for this political competition to flourish in practice.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-01-01 06:30:00 Monday ET
As former chairman of the British Financial Services Authority and former director of the London School of Economics, Howard Davies shares his ingenious ins
2019-09-07 17:37:00 Saturday ET
Federal Reserve Chair Jerome Powell announces the monetary policy decision to lower the federal funds rate by a quarter point to 2%-2.25%. This interest rat
2018-06-09 16:40:00 Saturday ET
The Trump administration introduces new tariffs on $50 billion Chinese goods amid the persistent bilateral trade dispute. The tariffs effectively boost cost
2018-08-15 14:40:00 Wednesday ET
Senator Elizabeth Warren advocates the alternative view that most U.S. trade deals serve corporate interests over workers, customers, and suppliers etc. She
2018-08-07 07:33:00 Tuesday ET
President Trump sounds smart when he comes up with a fresh plan to retire $15 trillion national debt. This plan entails taxing American consumers and produc
2019-03-09 12:43:00 Saturday ET
Pinterest files a $12 billion IPO due in mid-2019. This tech unicorn allows users to pin-and-browse images through its social media app and website. Pintere