Russian Economy Changing Economies Command Economy to Market

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Russian Economy

Russian Economy

Changing Economies �Command Economy to Market ◦ Gov’t decisions to private business’s ◦ Nonexistent

Changing Economies �Command Economy to Market ◦ Gov’t decisions to private business’s ◦ Nonexistent unemployment, low wages ◦ Use of black market for higher prices ◦ Increase of Industry instead of technology

Mikhail Gorbachev � Market Economy � Reduce SOME gov’t controls � Encourage investment foreign

Mikhail Gorbachev � Market Economy � Reduce SOME gov’t controls � Encourage investment foreign

Boris Yeltsin � Removed 90% of price controls � Privatization � Backwards progress of

Boris Yeltsin � Removed 90% of price controls � Privatization � Backwards progress of local investment � Stabilize farming

Agriculture � Kolkhozes- farms that farmers shared in production and profits � Sovkhozes� New

Agriculture � Kolkhozes- farms that farmers shared in production and profits � Sovkhozes� New factory type farms Land Code- cheaper land

Industry & transporting goods � Private companies � Most important is petroleum � Iron

Industry & transporting goods � Private companies � Most important is petroleum � Iron ore, manganese, and nickel � Railroads & waterways � Pipelines

The People � Transportation ◦ Doubled in cars ◦ Subway, buses, trains, private air

The People � Transportation ◦ Doubled in cars ◦ Subway, buses, trains, private air planes � Mass Communication ◦ Soviet control over everything ◦ Greater use of cell phones and internet

Human Impact � Nuclear Waste ◦ 600 nuclear explosions ◦ Baltic Sea, Barents Sea,

Human Impact � Nuclear Waste ◦ 600 nuclear explosions ◦ Baltic Sea, Barents Sea, Bering Sea � Chernobyl ◦ 1986, Ukraine, Belarus, Russia ◦ Millions exposed, 350, 000 displaced from homes

Pollution � Lake Baikal ◦ Oldest and Deepest ◦ Factory made and dumped waste

Pollution � Lake Baikal ◦ Oldest and Deepest ◦ Factory made and dumped waste ◦ Protest from people � Soil and Air quality ◦ Pesticides ◦ 15% acceptable air