--- James Heartfield <Heartfield at blueyonder.co.uk> wrote:
> Doug:
>
> "but who said that Russia is just a third world
> country being sucked dry of its oil?"
>
> Maybe I misread, but that did seem to be the tenor
> of Andie's contribution.
>
> "The argument is that Russia is not creating any new
> industries or investing
> in the capital infrastructure necessary for future
> prosperity. It's growing,
> but not developing."
>
> It is not developing new industries like China, but
> then China was an
> overwhelmingly peasant economy twenty years ago, and
> is industrialising and
> urbanising. A lot of Chinese investment is
> construction, because whole
> cities are being built. Russia is not developing
> like that because it
> industrialised and urbanised in the 1930s.
>
> The Foreign Policy Centre in London does argue that
> Russia's growth is
> entirely due to the oil revenues. But then the
> Foreign Policy Centre's
> Communications Director Rob Blackwood resigned
> because the Centre's accepted
> a £100 000 donations from exiled Russian oligarch
> Boris Berezovsky to say
> just that. http://www.newstatesman.com/200501310024
>
>
>
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