IrinaSablina'den mesaj -
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10. Economic and political changes during transition periods in
- The communist system fell in Russia in 1991.
- Even before 1991 it was legal for people to start private companies and co-operatives.
- Falling of the values of capitalism and a market economy helped young entrepreneurs to emerge in the mid-1990s.
- Russia’s vast state oil and mining companies were sold off and many young entrepreneurs took the opportunity to start successful businesses.
- These companies have now expanded into other areas of industry, such as banking, retail and other areas.
- At the same time, the number of smaller businesses has increased dramatically.
- More money has been coming into the economy.
- The devaluation of the rouble after the 1998 economic crisis actually helped to promote a mini-boom.
- Imports became too expensive for the average Russian, so local production increased.
- As a result, a new middle class has emerged with money to spend on consumer goods.
- International companies have also been investing in Russia since the fall of communism.
- Political pluralism, a large number of political parties, ideological diversity, freedom of expression, freedom of thought and speech emerged in Russia after the collapse of the Soviet Union.
- Major political parties began to emerge at that time.
- They still exist today.
- IrinaSablina
May 2017
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