The failing economy also had serious spin off effects on other parts of Russia, including; a huge increase in poverty; a large increase in unemployment; malnutrition has become the normal attire amongst school children; and a worryingly large drop in life expectancy, in 1992, it was recorded that the life expectancy for men dropped to 58. ... This has made reform a hefty struggle to rebuild the economy and it is predicted that even after Russia gets back on track it will still have lost so much, such as lives lost through the poor standards of living, for example, in 1992 on quarter of the ...

• Word Count: 1782
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The International Monetary Fund (IMF), as said in their official website, claims to promote macroeconomic stability and to reduce poverty by giving aid to country members, especially developing nations, facing economic difficulties. ... To reinforce this point, Vaubel (p.65) cites Wilson Schmidt, the individual in line to head the World Bank at the time of his tragic death: It can be argued that, absent the Fund, individual countries would presumably be less likely to get into balance of payments difficulties because they could not rely on the prospect of Fund resources when those difficulties...

• Word Count: 1443
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate