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The Rather Pathetic Economy of Russia

Economics Explained

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Introduction

Despite russia's vast size, immense resource wealth and large population, its economy is comparatively a pathetic. Its national output has been compared in size to american states like texas and florida,. But it's not the headline figures that tell the full story much as it's the squandered opportunities. Had a few things been done differently over the past three decades, there is no reason to expect that russia couldn't be one of the wealthiest, most prosperous nations in the world to day.

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