Russian Economy between 1990 and 2007

Russian Economy between 1990 and 2007
The Russian Federation (Russia) faced several economic problems when it was formed after the dissolution of Union of Soviet Socialist Republic (USSR) or the Soviet Union. Therefore, Boris Yeltsin the first President of Russia implemented various measures for the economic growth of Russia, such as stabilization policies and economic restructuring. These measures helped the Russian economy to become market-focused economy from a centrally planned economy. These measures are briefly discussed in the present case study. In addition, the case study also analyzes the policy measures presented by Vladimir Putin, Russia’s second President. It also focuses on the economic conditions of Russia in the Presidency of Boris Yeltsin and Vladimir Putin and the impact of their policies on the economy.
In 1990-1991, the inflation rate in Russia was very high and there was a shortage of supply in every industry. At the time, the GDP of Russia showed a decline of 17% and retail prices had escalated to 140%. The political conditions of Russia were also not good at this time. As a result, the Soviet Union was dissolved in 1991. After that, Boris Yeltsin was elected as the President of Russia. Boris Yeltsin took several measures to transform the Russian economy into a market-based economy. In 1991, Boris Yeltsin along with his advisors and an economist, Yegor Gaidar implemented certain measures for bringing up the Russian economy from inflation. The measures taken by him were stabilization measures and economic restructuring. The stabilization measures involved decreasing the government budget deficit, increasing government revenues, and controlling the supply of money by subsidizing credit provided to business persons. In addition, he enforced price control policies, made several amendments in tax policies, and increased privatization. In the initial stages, the policies made by Boris Yeltsin were not able to achieve the desired goals. However, with the introduction of monetary and fiscal policies, the government was able to implement such measures and achieved its goals and objectives. In 1996, Boris Yeltsin was again elected as the President of Russia. After that, Russia faced a situation of decrease in the foreign exchange reserves and the economy started showing another decline. In 1998, Russian economy experienced a financial crisis in which its currency, ruble, showed a decline of 75%. The financial crisis in Russia made people turn against Boris Yeltsin; as a result, he faced high opposition in the parliament.
The State Duma elections of 1999 and Presidential elections of 2000 brought a major change in the Russian politics. Vladimir Putin was elected as the President of Russia on 2000. The Parliament of Russia started supporting policies introduced by Vladimir Pultin, the President of Russia and Mikhail Kasyanov, the Prime Minister of Russia. Both of them looked at various legislative initiatives and measures to transform the Russian economy in the market-based economy. In 2007, the Gross Domestic Product (GDP) of Russia was above $1 trillion. In the mid of 2000s, the growth of Russian economy was very fast that was mostly contributed by the growth in domestic energy industry of Russia. According to various Russian analysts, the major source of income for the Russian economy was oil exports. Therefore, the Russian economy showed a drastic change with the change in the prices of oil. As a result, any decline in oil prices was considered as a risk factor for the sustainability of the Russian economy. According to the report of World Bank in 2007, Russia should have taken measures to control inflation as the global economy was going to face an inflationary condition, which might have affected the Russian economy. However, Russia was the least affected country in the global economic slowdown of 2007. It is because of the fact that the major contribution to GDP of Russia came from its fossil fuels and natural resources that were hardly affected by recession. In addition, Russian trade with United States, which is the source of financial crisis of 2007, was very limited.
Source: (

1.1 According to the case study, Boris Yeltsin, the first President of Russia implemented various measures for the economic growth of Russia, such as stabilization policies and economic restructuring. Identify and using your conceptual knowledge, critically evaluate these stabilisation and restructuring measures that were introduced by Boris Yeltsin’s Government. (10)
1.2 Are free markets and economic privatization the answer to development problems, or do governments in developing countries still have major roles to play in their economies? Critically discuss

Don't use plagiarized sources. Get Your Custom Essay on
Russian Economy between 1990 and 2007
Just from $9/Page
Order Essay

1.1 According to the case study, Boris Yeltsin, the first President of Russia implemented various measures for the economic growth of Russia, such as stabilization policies and economic restructuring. Identify and using your conceptual knowledge, critically evaluate these stabilisation and restructuring measures that were introduced by Boris Yeltsin’s Government. (10)
1.2 Are free markets and economic privatization the answer to development problems, or do governments in developing countries still have major roles to play in their economies? Critically discuss. (15)
2.1 Boris Yeltsin essentially turned the Russian economy into market-focused economy from a centrally planned economy. Is it fair to conclude that a centrally planned economy does not work? Discuss fully. (15)
2.2 Evaluate how a market based economic system introduced by Yeltsin would have solved the economic problems.

Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects


Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.


Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!


While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.


Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.


In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.


Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.


We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!


We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.


Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!

order custom essay paper