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User:Conservative/International relations and geopolitics (view source)
Revision as of 20:45, April 13, 2024
, 20:45, April 13, 2024no edit summary
Russia was a high-income country: Russia (2012–14, 2022), but now likely in the middle-income trap. [https://www.intellinews.com/moscow-blog-russia-is-stuck-in-the-middle-income-trap-134557/ MOSCOW BLOG: Russia is stuck in the middle-income trap], 2017, IntelliNews. See: [https://www.conservapedia.com/User:Conservative/Culture#The_middle-income_trap Middle-income trap] and [https://www.conservapedia.com/User:Conservative/Culture#High-income_economies High-income economies]
Russia was a high-income country: Russia (2012–14, 2022), but now likely in the middle-income trap. [https://www.intellinews.com/moscow-blog-russia-is-stuck-in-the-middle-income-trap-134557/ MOSCOW BLOG: Russia is stuck in the middle-income trap], 2017, IntelliNews. See: [https://www.conservapedia.com/User:Conservative/Culture#The_middle-income_trap Middle-income trap] and [https://www.conservapedia.com/User:Conservative/Culture#High-income_economies High-income economies]
'''Putinomics and the middle-income trap'''
Article: [https://daviscenter.fas.harvard.edu/insights/russias-economy-war-ukraine-and-hopes-post-putin-liberalization Russia’s Economy, War in Ukraine, and Hopes for Post-Putin Liberalization], economist Sergey Guriyev, video at: [https://www.youtube.com/watch?v=4Lgf0Yp9PfQ&list=PLshhjXvNVYNP1gSQXsVzzK0air6RNBpAK&index=6 Welcome & Keynote, "Past, Present and Future of Putin's Russia (and What Comes Next)"], Sergey Maratovich Guriyev is a Russian economist, who is provost and a professor of economics at the Institut d'études politiques in Paris. From 2016 to 2019, he was the chief economist at the European Bank for Reconstruction and Development.
"Guriev kicked off his keynote address at the Davis Center’s recent 75th anniversary event with a brief economic history of Putin’s Russia, going from growth to “Putinomics” to stagnation:
Its first 10 years (1999-2008) marked one of the Russian economy’s best decades, “if not the best,” on record; a weak ruble made the country more competitive, unused production capacity created business opportunities, and rising oil prices accounted for about half of Russia’s GDP growth, which averaged 7% a year. The economy was likewise helped along by reforms that stimulated private-sector initiative — a simplified tax system, property rights for land, and modern bank regulation, among others.
Then came the global economic crisis of 2008-2009, throwing into relief problems that had begun to accumulate earlier. Circa 2003-2004, Putin, rather than pushing through more reforms, had started introducing “Putinomics” — an economy increasingly “controlled by the state and friends of Putin,” Guriev said. Despite an initial recovery after the crisis, it was clear that “the growth model of Putin’s first decade was running out of steam,” in Guriev’s words; growth in 2010-2012 began slowing down, reaching a paltry 1% in 2013.
Afterward, Russia’s economy entered an era of stagnation, akin to the 1970s and ’80s, with GDP growth in 2013-2019 averaging less than 1% a year. Unlike South Korea — which once had a growth trajectory similar to Russia’s halcyon years — Moscow failed to dismantle its system of crony capitalism. Today, Seoul presides over a competitive, post-industrial, knowledge-based economy, while Russia got stuck in the so-called middle-income trap, Guriev noted."
'''Will Russian assets be seized?'''
'''Will Russian assets be seized?'''