[lbo-talk] RE: Russia's economic outlook

ChrisD(RJ) chrisd at russiajournal.com
Fri Apr 4 01:01:37 PST 2003


From: "Gregory Geboski" <greg at mail.unionwebservices.com>

<<How can we attain the necessary growth level?

By diversifying our economy through stimulation of three factors. This involves doing three things: Boosting the export of goods other than raw materials, replacing imports with Russian-made items, and stimulating the new, high-tech economy. >>

Sounds like the sensible 20th century Japan-S. Korea-etc. (and 19th-century US-Germany) development model. It should also provoke direct conflict with the US (although that may be a fait accompli, thanks to Bushie the Conqueror).

--- The US has VERY little economic influence over Russia (which I think is why Ambassador Verhsbow backpedalled so quickly after threatening economic reprisals for Russia's stand on Iraq). Russia's trade balane with the US is very small.

One unforeseen and happy side effect of the corruption surrounding privatization in the '90s is that any foreigners who tried to buy up Russian assets lost their shirts. As a result, it's almost all still in Russian hands...

There's been a lot of speculation that Russia is moving to some variety of a chaebol model.



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