Economics Explained cover image

The Rather Pathetic Economy of Russia

Economics Explained

00:00

The Washington Consensus

In the decade following the fall of the soviet union, russi's g d p actually more than halved. The biggest reason for this was the botched privatization of the nation's industries. In the soViet union, all industry was owned by the state. But the washington concensus calls for value adding industries to be privatized.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app