Reforms put drag on Russian output

Article Abstract:

Russian industry is only 50% as productive in 1999 as it was in 1992, according to a study by McKinsey and Co. The findings seem to reinforce the theory of some economists that privatization and other economic reforms have exacerbated Soviet-era productivity problems, rather than solving them. Unfair market conditions continue to reduce productivity, a finding that runs counter to the view that the ruble's devaluation reinvigorated Russian industry. The study did conclude that a relatively small annual investment of about $15 billion over a 5-year period could triple productivity, bringing it to 65% of US levels.

Government domestic functions, Administration of General Economic Programs, Manufacturing Production, General Economic Programs, Manufacturing industry, Manufacturing industries, Economic policy

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Putin blasts Shevardnadze policy of taking handouts from West

Article Abstract:

Russian President Vladimir Putin has criticized former Georgian President Eduard Shevardnadze for taking "humiliating handouts" from the West. Shevardnadze was overthrown from his post in a popular uprising.

Georgia (Country), Political aspects, Beliefs, opinions and attitudes, Putin, Vladimir, Georgia (Nation), Shevardnadze, Eduard

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Russia's pro-Kremlin bloc gains in legislative ballot: hard-line nationalists also benefit as voters slam pro-Western liberal groups

Article Abstract:

An overview of Russia's parliamentary elections is presented, focusing on gains and losses among parties and the resulting impact on President Vladimir Putin's policies.

International Affairs, Nationalism, Influence, Elections, Political parties

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