- About Russia's economy... - 1 Update
| computer45 <computer45@cyber.com>: Mar 31 03:41PM -0400 Hello, About Russia's economy... Read this: Why Switzerland was ranked the most economically free nation in Europe ? The important characteristics of the economy of Switzerland are: 1. Rule of law 2. Optimization of the Government size 3. Regulatory efficiency 4. Open markets Read more here: https://lenews.ch/2016/02/03/why-switzerland-was-ranked-the-most-economically-free-nation-in-europe/ So now about "Russia", Russia lacks many of the requirements for strong economy, read the following to notice it: "Russia's transition from a centrally planned economy to a more market-based system has stalled, and the country remains predominantly statist. Further economic reforms have been subordinated to the imperatives of political stability and government longevity. The private sector has been marginalized by structural and institutional constraints caused by ever-growing government encroachment into the marketplace. Large state-owned institutions and an inefficient public sector dominate the economy. The judiciary is vulnerable to corruption, and weak protection of property rights undermines prospects for optimal long-term economic development." https://www.heritage.org/index/country/russia Thank you, Amine Moulay Ramdane. |
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