IIPM-Publications
Irrational liberalization and rampant privatization along with fundamentally weak reform
s drove Russia, the country rich in natural resources with educated population and diverse industrial base, to a critical financial situation. But then with a disaster on your cards, you can’t help it. So did Russia. Policy makers hammered the final nail by allowing rouble (official currency) to fall against major foreign currencies, making Russia the first modern world country to default in paying its debt instalments.
For Complete IIPM-Article, Click on IIPM-Editorial Link
Source IIPM-Editorial,2006
s drove Russia, the country rich in natural resources with educated population and diverse industrial base, to a critical financial situation. But then with a disaster on your cards, you can’t help it. So did Russia. Policy makers hammered the final nail by allowing rouble (official currency) to fall against major foreign currencies, making Russia the first modern world country to default in paying its debt instalments.For Complete IIPM-Article, Click on IIPM-Editorial Link
Source IIPM-Editorial,2006
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