Paper Details  
 
   

Has Bibliography
10 Pages
2397 Words

 
   
   
    Filter Topics  
 
     
   
 

POST USSR Russia

e negative growth. Many of the republics made the transition to the market economy hoping to make the individual citizen wealthier. In many of the republics this did not actually take place. In 1995, all but 2 of the 15 countries saw their net exports per capita fall drastically. Lithuania, once with a net export per capita rating of 49.2, was experiencing one of -54.1 in 1995 (Table 1). On average the citizens now had less than before. Many countries began to realize that they were in many ways still dependent on so-called "mother Russia". The past Core-Periphery policy had made them heavily rely on internal domestic trade. Being nothing more than satellite states in the centrally planned economy, these countries were traditionally used for the extraction of materials or the production of a singular industry. Their economies were not diversified. Traditionally supplies had to be brought in, and this was still the case. Import statistics in the newly independent republics have seen a drastic rise in totals. In 1992, the Ukraine with a population of approximately 51 million people imported a total of 2.2 billion million dollars worth of goods (Table 1). In 1995 however, the Ukraine with a population less than what it had been in 1992, actually imported more; 5.6 billion dollars worth of goods (Table 1). This rise in imports was also evident in Georgia, Lithuania, and Uzbekistan (Table 1). For these countries, importing more than they are actually exporting is proving to be a tough economic obstacle to overcome. In order to import, they have had to borrow heavily from international sources. Without exports, they have been lacking sufficient funds to make the...

< Prev Page 3 of 10 Next >

    More on POST USSR Russia...

    Loading...
 
Copyright © 1999 - 2025 CollegeTermPapers.com. All Rights Reserved. DMCA