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by ivan_gammel
854 days ago
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This is a very inaccurate picture of that period. Yeltsin wasn’t anyone’s puppet for sure and Russia was not treated as a colony. All economic struggles of that period happened for several purely internal reasons: transition from planning to market economy cannot happen instantly - a lot of processes had to adapt and recalibrate; rule of law was not established, because the legal system and law enforcement had to be reformed and a lot of new laws had to be written (e.g. modern law on bankruptcy was enacted only in 2000s IIRC); dissolution of USSR broke a lot of economic ties. The West actually helped a lot in that period of time, offering credits, even sending humanitarian aid. Western investment from major consumer brands like Unilever, Coca-Cola or P&G brought management skills and standards of work, entrepreneurial culture was heavily influenced by America etc. |
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