1. Russia as a Transitional Economy
The decreasing standard of living also had an effect on the collapse of the Soviet Union. ... Shock therapy is intended to cure economic matters such as hyperinflation, shortages and other effects of market controls in order to start economic production, reduce unemployment and improve living standards. ... The number of people living below poverty line declined from 30% in 2000 to 14% in 2008. ... The transition has brought significant changes to the citizens such as a rise in the standard of living and demographic changes(changes in ethnic group) which could act as a problem to the nation....
- Word Count: 1175
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate