... 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 Russian Federation had multiple economic reforms, including privatization and market and trade liberalization, due to the collapse of communism. Russia followed the lead of Bolivia and chose ... 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 globall...

• Word Count: 1175
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate