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.
2019-06-01 10:33:00 Saturday ET

Top tech firms such as Google, Intel, and Qualcomm suspend Android services to HuaWei as the Trump administration blacklists the Chinese company. HuaWei can
2023-02-21 08:27:00 Tuesday ET

Mark Granovetter follows the key principles of modern economic sociology to analyze social relations and economic phenomena. Mark Granovetter (2017) &
2018-06-07 10:36:00 Thursday ET

AT&T wins court approval to take over Time Warner with a trademark $85 billion bid despite the Trump administration prior dissent due to antitrust conce
2018-05-03 07:34:00 Thursday ET

Sprint and T-Mobile propose a major merger in order to better compete with AT&T and Verizon. This mega merger is worth $26.5 billion and involves an all
2018-01-06 07:32:00 Saturday ET

Subsequent to the Trump tax cuts for Christmas in December 2017, the one-year-old Trump presidency now aims to make progress on health care, infrastructure,
2017-04-13 10:42:00 Thursday ET

President Donald Trump unveils the dramatic *tax overhaul proposal*. Through this tax plan, Trump replaces the current 7 income tax brackets with 3 leane