Russian Exports: Oil more(prenominal) than a Commodity
uprise This paper is aimed at consciousness the dynamics of Russian exports from an frugal point of view. The paper likewise tries to understand the rationale dirty dog Russias unprecedented expansion of its pipeline network while also focusing on the emerging trends in Russian exports, more specifically in terms of arms and nuclear engineering export. Introduction Emerging markets present a unique understanding of the challenges faced by companies and organizations in setting up businesses in these economies. They also provide an insight into the challenges that governments of such economies need to tackle, in particular inflation, inte succor crops and exchange rates. Russia is one such parsimoniousness that has seen rapid growth (the delivery has had an average growth rate of 7% since 1998)1 inspite of various challenges such as the collapse of the Soviet Union, the subsequent move from a centrally planned economy to a more market driven economy, followed by a downturn in 1998, due to the Russian financial crisis and eventually the world(prenominal) financial crisis of 2008. Interestingly, Russia was one of the hardest hit economies during the 2008 crisis, largely owe to its over dependence on one factor: Oil, or more specifically oil prices.
The country recorded a negative growth of -10.8% in June 09 2 as global crude oil prices plummeted, which was followed by a cut in oil production by Russia. This underscores the importance of oil as an export commodity for Russia and its impact (both positive and negative) on Russia and the rest of the world.
1 CIA The World Factbook https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html 2 Russia GDP proceeds Rate www.tradingeconomics.com/russia/gdp-growth
Russian exports = Oil? Russian exports are dominated by fuels and primary products. In 2006 primary commodities accounted for about 75% of Russias exports, while manufactured goods constituted less than 20% of its...If you want to get a full essay, order it on our website: Orderessay
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