All of the factors that started to change contributed to the final dissolution of the Soviet Union in 1991. The end of development and progress that would consume the last years of the Soviet Union was caused by poor governance under Leonid Brezhnev, which was when the faults of the Soviet Union had started to appear, and disorganization within the command economy. ... The decreasing standard of living also had an effect on the collapse of the Soviet Union. ... Russian banks were hit by the global credit crunch in 2008 like most countries in the world, though no long term damage was done than...

• Word Count: 1175
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

Thirdly, by provided large credit to enterprises and subsidies, the state protected output from falling at an early stage of the transition. ... In 1991, after reaching independence, Belarus had one of the highest standards of living in the former Soviet Union (FSU). "It was seen as an industrial park for consumer goods, with relatively better capital stock than other republics" (World Bank). ... One of Belarus" best decisions was joining the World Bank in 1992. ... All these endorsements by the World Bank derailed many problems that constrained economic growth and development. ...

• Word Count: 897
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate