... back in 1992. Since, the IMF intervened in Russia, they have had little or no success. "The country's national income has dropped by about one-half, a disaster worse than the U.S. Great Depression."4 The number of Russians who are experiencing poverty and unemployment rose from 2 million to 60 million. Such a collapse has been totally unprecedented. "Having hewed to the IMF's dictates, Russia ... objective when the international financial system moved away from the gold standard to a floating exchange rate system. The IMF's approaches to solving economic problems have failed to meet its...

• Word Count: 1993
• Approx Pages: 8
• Grade Level: High School