Russian Exports

August 8, 2011 Russian Exports: Oil more(prenominal) than a Commodity mature This paper is aimed at consciousness the dynamics of Russian exports from an thrifty point of view. The paper likewise tries to understand the rationale teasing dog Russias unprecedented expansion of its pipeline network piece of music also focusing on the emerging trends in Russian exports, more specifically in terms of arms and thermonuclear engineering export. Introduction Emerging markets present a rum understanding of the challenges faced by companies and organizations in setting up businesses in these economies. They also provide an insight into the challenges that governments of such(prenominal) economies collect to tackle, in particular inflation, inte succor crops and exchange rates. Russia is one such parsimoniousness that has seen rapid offshoot (the delivery has had an average growth rate of 7% since 1998)1 inspite of various challenges such as the twig of the Soviet Unio n, the subsequent move from a centrally think economy to a more market driven economy, followed by a downturn in 1998, due to the Russian pecuniary crisis and eventually the world(prenominal) financial crisis of 2008. Inte breakingly, Russia was one of the hardest hit economies during the 2008 crisis, largely owe to its over dependence on one factor: Oil, or more specifically oil prices.

The country recorded a negative growth of -10.8% in June 09 2 as world(prenominal) crude oil prices plummeted, which was followed by a cut in oil production by Russia. This underscores the importance of oil as an export commodit y for Russia and its impact (both positive a! nd negative) on Russia and the rest of the world. 1 CIA The World Factbook https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html 2 Russia GDP restitution Rate www.tradingeconomics.com/russia/gdp-growth Russian exports = Oil? Russian exports are prevail by fuels and primary products. In 2006 primary commodities accounted for about 75% of Russias exports, while manufactured goods constituted less than 20% of its...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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