StudentShare solutions
Triangle menu

Economic Performance of Former USSR States - Essay Example

Not dowloaded yet

Extract of sample
Economic Performance of Former USSR States

This discussion focuses on the economic performance of the former USSR states after independence and the economic relations between these countries as well as their trade, population, GDP growth, investments and debts. The essay highlights the GDP growth and economic performance of the countries like Belarus, Ukraine, Moldova, Latvia, Turkmenistan, Russia and other nations which have recently gained independence and separated from the former Soviet Union. Despite having been a part of one of the greatest superpowers, these countries except Russia are no longer prominent on the world map. Since gaining independence these former Soviet states are becoming increasingly strong in terms of economic growth and performance with relations between the states growing even better. Yet there remain several issues that suggest that these countries will have to recreate and restructure their economic strategies to emerge as economically powerful as the more advanced economies. In this review, a comparative analysis is provided showing economic growth and performance of the former Soviet states, their internal and external relations with neighboring countries and other former Soviet states as well as their comparative GDP and population growth. The objectives of the essay would be: 1. to identify the key players in post USSR countries 2.to discover the economic relations between the CIS countries and the level of their interdependency, and 3. to rank the major former Soviet states’ performance using country growth criteria.
...
Considering the transient aspect of the former Soviet states' economy, Kalantaridis (2007) highlighted the role of entrepreneurs in shaping the nature of evolving institutions. The former Soviet nation states could still be considered as transient and evolving, although the permanence of such institutions is key to stability and economic growth.
The post Soviet restructuring and reconstruction of political, social and economic systems have had considerable and differential impact on the economy. The more advanced economies of the post Soviet nation states that have now joined the European Union are economically stronger although countries which are further East have seen a decline in growth of gross domestic product followed by recession although with some gains to a wealthy minority (Edwards, 2006). The reason for the fall of GDP may be due to the significant necessity for restructuring, rise in costs, and privatization. Edwards (2006) distinguished between four groups of Soviet economies2. The central and Eastern European accession states to the EU have open economies with better growth, more private sector involvement and foreign direct investments. The Balkan states of the South east European regions are marked by transitional recessions and worsened income inequality whereas Russia has implemented partial economic reforms. The remaining nation states have seen declining economic growth mainly due to fall of income. As Desai and Olopsgard have suggested,

"popular support for market-oriented reform in transition economies rises and falls with unemployment and job creation" 3.

Thus the implementation of market oriented reforms that would be imperative for economic ...Show more

Summary

This essay discusses and focuses on the economic performance of the former USSR states after independence and the economic relations between these countries as well as their trade, population, the GDP growth and economic performance, investments and debts. …
Author : tpollich
Economic Performance of Former USSR States essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Economic Performance of Former USSR States"
with a personal 20% discount.
Grab the best paper

Related Essays

Chinese contract law and the economic reform
Then it views the PRC law system before 1978 and after 1978 by citing relevant examples and statistics. Further, the paper delves into how China’s previous contract laws had many contradictions and failed to meet the needs of China’s developing market economy.
11 pages (2750 words) Essay
USSR and the Nationalities Problem
USSR and the Nationalities Problem Although the Russians composed of the greater majority of the USSR citizens, the empire was segregated into nationalities. This implied that passports and other identification documents of soviet citizens had to include their nationality as a form of identity.
3 pages (750 words) Essay
India's Globalization and Economic Development
This study will also seek to address the role of identity politics and Diasporas in the global economic system and development of India. For this study to give out the relevant analysis of globalization of India, it will examine the extent and nature of integration of this country into the global economy along different dimensions that will include flows of capital, goods, services, and migration of people.
5 pages (1250 words) Essay
Divergence Among Eastern European Countries in Economic Performance
This essay primarily focuses on the identification of different reasons behind different economic growth rate among the former countries of the Communist bloc in Eastern Europe. The differences that emerged after the communism fail, are considered as a result of countries` policies, aiming to protect their interests instead of the whole region.
7 pages (1750 words) Essay
Bush vs. Clinton: An Economic Performance
(Anology) The Administration of Bill Clinton spend it years, while in many instances it is said that during that period, it has achieved tremendously economically, while it counterpart the Bush Administration states the same ideas. How can we compare this administration economic performance in terms of historical analogy
4 pages (1000 words) Essay
US Economic Performance
According to the report the increase in GDP is attributed to the sustainable consumer spending. Consumption is boosted by the prevailing low interest rate regime coupled by rising house prices and bullish stock market prospects. As such, consumers exhibit a greater propensity to spend rather than save.
2 pages (500 words) Essay
Comparative economic systems
All economic activity including agriculture and trade was conducted as inherited roles within a family structure. Tradition determined what people did for a living and how the work was to be performed. In
10 pages (2500 words) Essay
In what ways has the post-Cold War economic globalization expose workers, consumers and countries to new insecurities and how can the risks associated with process be managed
The end of the Cold War however, had made globalisation the new world system substituting for the bygone era of bipolar system that the Cold War had brought. The end of the Cold War ushered in by the
9 pages (2250 words) Essay
How do you understand Financial repression Critically discuss its effects on economic growth
ression is underpinned by the theory that the state should intervene in financial matters to ensure lesser demand for money that should be channeled instead to the capital/labour sector. It was McKinnon and Shaw, however, who called the attention of the world to the negative
12 pages (3000 words) Essay
Assessing Economic Performance
The above parameters are paramount in the evaluation of the success of any nation. As such, they will form the basis of comparison between the two nations. The two nations subject to this comparison are America and India. The first nation
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation