History of Russia and Its Economy Research Paper

History of Russia and Its Economy - Research Paper ExampleThis paper will thus talk about the country Russia by focusing on the relationship between the country and its economy since 1910 to today in a bid to identify some of the risks associated with opening an ICT related task in the country (Yergin and Stanislaw, 2002). Imperial Russia (1910-1922). During this time, Russia was regarded as the largest country by land mass and population in Europe and an additional prestige of the biggest army in the human beings. Being the largest source of agricultural products most of which it exported, in addition, to the overwhelming mineral resources, its trade was more of a give and take. Literary it stood to gain a group from these exports thus making it a prime beneficiary of foreign investment (Yergin and Stanislaw, 2002). This was emphasized by the fact that markets were free in the making. It is during this time that Russia emerged as a capitalist economy. This resulted from the capab ility it had of feeding its population without any assistance from outside. However, this economic progress was only tied to the peasant agricultural production rather than the commercial-grade sector. ... This was to be the beginning of inflation that would later be fuelled by the attempt of the government to print more money. The occurrence of the First World War and house servant revolutions came as a major setback in Russias economy that left a story people have lived to tell. The free markets that once existed were no longer available, for it saw a monopoly on prices that were subjugated by the government. USSR (1922-1952). It is at this stage that the future of the soviet economy is established. The governments involvement in implementing strategies that could raise them above this crisis led to an immediate and theatrical step up in the economy. The government decided to introduce incentives to farmers to enable them farmland, in addition, to the opening up lands for privati sation. This functioned to limit small trade and increase industrial production. It is noticeable that the world was hit by the great depression during this time. However, due to these strategies, as the rest of the world dragged, the soviet was on the move trying to wipe of the dust and forge ahead (Yergin and Stanislaw, 2002). However, due to the collective nature of the Soviet agriculture, the economy did not meliorate as much. This followed stiffer regulations on production that saw the government prioritise industrial growth with steel, coal, power chemicals, and the military topping the list. It is at this time that the government resorts to find quantity over quality with efforts to maintain a high productivity. This indeed sailed the country through making it the largest employer in Europe by the fall of 1940. in time as, the Second World War started, the Soviet had established