Question

what impact does the Russia econmy have in the U.S.A in a 7-8 paragraph?

what impact does the Russia economy have in the U.S.A economy today? 7-8 paragraph

Answer 1

The Russia and continent Program offers analysis of speedy economic modification in Russia and therefore the consequences for U.S. policy.

There is no facet of up to date Russia that has modified quicker and unexpectedly than its economic scenario. When solon became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual economic science revolution to the purpose wherever it's one in all the most important creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Growth of this magnitude would equate to nearly a ten fold increase in GDP over the course of a decade.

In early 2009, the Ministry of Economic Trade and Development published an ambitious plan outlining Russian economic goals to the year 2020. If these goals square measure reached, Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India.

When examining the Russian economy, the first thing that needs to be considered is the sustainability of the current growth trends. Is the Russian government following policies that square measure possible to constrain growth? How much does corruption tax economic expansion? How are Russian leaders weighing the trade-offs of investing in infrastructure modernization, growing social welfare demands, military modernization, etc.? Are the event and distribution of Russia’s Brobdingnagian energy resources driven a lot of by political or industrial factors?

The fundamental question the United States needs to answer concerns the degree to which Russian economic resurgence presents an opportunity or a threat to its interests. To what extent should the United States encourage deeper integration and interdependence? In the realm of security, U.S. policy toward Russia nowadays generally consists of contradictory tendencies toward engagement and containment. However these tendencies also are terribly relevant once considering the economic way forward for the state.

Never in its history has Russia been a lot of prosperous or integrated into the worldwide economy than it's currently. Seemingly, this is a positive development and the achievement of one of the core goals of U.S. policy toward Russia since the Soviet collapse. However, like several aspects of up to date Russia, this phenomenon is highly controversial in Washington, often due to the conflicting nature of economic information. This project seeks to clarify U.S. interests on the Russian economy and facilitate place them within the broader context of U.S. policy toward Russia.

After a decade of stunning economic growth, fueled by rising commodity prices and cheap foreign credit, the Russian economy established itself as a very attractive seat for foreign investment. By Gregorian calendar month 2008, Russian foreign currency reserves totaled more than $588.9 billion and oil prices broke new records at more than $147.27 per barrel, while Russian banks acquired foreign debt amounting $500 billion Even after months of financial instability following the volatility that rocked U.S. financial markets throughout the spring of 2008, Russia appeared to be weathering the financial storm better than most. However, as the crisis deepened, it became apparent that Russia would not be exempt from the economic downturn. Frozen credit markets, apace declining energy costs, and vital capitalist pull-back began having a bearing on the Russian economy. Initial reaction from the Kremlin downplayed the impact of the crisis on Russia, but instead levied scorn on American regulators for failing to foresee the downturn.