--- uvj at vsnl.com wrote: It is useful to compare what is happening in China with the example of Central and Eastern Europe, where foreigners own most strategic assets like banks, telecoms, power, oil, and gas. Because the region wasn't in a good economic shape after 1989, these outside players-better managers with more cash-moved in. ---
I do not know about the rest of Central and Eastern Europe, but this is emphatically untrue of Russia. During the rigged privatizations of the 1990s, Soviet assets were handed over to predetermined Russian owners, not foreigners (who, infamously, got screwed). As a result, almost all of the Russian economy is in Russian hands, either of private or government shareholders.
Russia also has thriving domestic telecoms (BeeLine, MTS) and software (Kaspersky Labs) industries.
Ironically, the corruption actually seems to serve as a kind of built-in protectionism! :)
===== Nu, zayats, pogodi!
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