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The Emerging Markets Handbook: An analysis of the investment potential in 18 key emerging market economies by Pran Tiku

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Chapter 11: Russia

Overview

Russia has made a remarkable comeback after the chaos that followed the fall of the Berlin Wall and the 1998 payments crisis when the government defaulted on $40 billion of debt. Under the stable leadership of Vladimir Putin and the benign influence of rising oil prices, Russia has managed to reassert itself on the world stage. The economy grew at close to 8% during Putin’s first two terms and then slowed to 3.5% following the 2008 recession.

As a permanent member of the UN Security council with borders that stretch from Europe to Asia, Russia will remain a key player thanks to its abundance of natural resources. The key question is whether it will deal with endemic corruption, a shrinking population and degradation ...

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