1. Free Market Reform in Russia
People would no longer have the comfort of knowing someone else was in control. ... They have had to rely on short-term loans to ease budget deficits, which produced a financial crisis in 1998 (U. ... They should have realized that society no longer had any faith in it, and that it was only a remembrance of communistic times. ... In 1998, with the crash of the stock market, the Russians devalued the ruble and no longer made payments on its government debt (U.S., 1998). ... Russia attempts at free market reform so far as gone no where (Beams, 1999). ...
- Word Count: 2646
- Approx Pages: 11
- Has Bibliography
- Grade Level: High School