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Russia and the World Economy - Problems of Integration (Paperback)
Loot Price: R687
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Russia and the World Economy - Problems of Integration (Paperback)
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Economic failure, including the unprecedented collapse of a major
economy in peacetime, played a significant part in the collapse of
the communist system in Russia, and the break-up of the Soviet
Union itself. Despite its status as a major world power, the Soviet
Union had a trade structure which resembled that of a relatively
backward Third World country dependent upon exports of fuels, raw
materials, precious metals, wood and lumber for 95 per cent of its
exports to the industrial West. Its major "industrial" exports
consisted of armaments, frequently delivered on credit to Third
World countries. This book analyzes the economic, historic and
political problems that will have to be overcome if a Russian
government, however constituted, is to succeed in integrating the
Russian economy. Alan Smith asks whether the assistance the West is
proposing will be sufficient, and examines the consequences of
failure for regional and international stability. He presents
largely unconsidered material from Soviet sources on the economic
importance of the Soviet arms trade, and on Soviet export of
diamonds and precious metals, arguing that the West has
consistently overestimated Soviety hard curr
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