1. Business In Russia
... experienced real unemployment, as the percentage of unemployed persons reached 11.5% nationwide and 10 % in Moscow. Russia's economic collapse resulted in a 183% devaluation of the ruble in less than two months. By July 1999, one U.S. dollar could be exchanged for twenty-four rubles as opposed to six rubles in the month before the collapse, a devaluation of ... Russian people and perhaps more importantly, the investment community. According to Juliet Johnson, capital flight continues largely unabated with an estimated $25 to $30 billion in equivalent U.S. dollars leaving the country in ...
- Word Count: 1539
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate