With the dismantling of the USSR, Russian can no longer turn to the old Soviet infrastructure.
Present day Korea comes closest to an economy that could rebuild, although it may be seen as an extension of Japan to some extent, however, I don't think that any country has ever had to rebuild again in the face of the difficulties created by the modern capital market.
I know that capital was highly internationalized prior to WW I, but I do not think that it was nearly liquid as capital today. -- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu