1. Russia as a Transitional Economy
... to be able to buy them. The decreasing standard of living also had an effect on the collapse of the Soviet Union. After the collapse of the Soviet Union in 1991 and collapse of Russia's controlled economy, a new Russian Federation was created under president Boris Yeltsin in 1991. The ... inflation still GDP Changes from 1970-2010 Remains an Issue for Russia Transition to a Market Economy (1991–1998) Following the collapse of the Soviet Union, Russia had gone through an enormous transformation, moving from a centrally planned economy to a globally unified market economy. Yeltsin's pro...
- Word Count: 1175
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate