The Current State Of Russia and It's Neighbouring Republics
Date Submitted: 09/06/2004 12:59:34
Category: / Business & Economy / Economics
Length: 9 pages (2432 words)
Category: / Business & Economy / Economics
Length: 9 pages (2432 words)
N/A N/A
In August of 1991, the collapse of the communist system in the USSR and it's neighboring republics occurred. Out of the smoke emerged fifteen new republics and a union known as the Commonwealth of Independent States. These new regimes faced formidable obstacles. The collapse brought massive inflation which in turn forced the economy into a spiraling decline and a state of almost worthless value. Many people were quick to point the finger …
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