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Part II. The Russian Dilemma: Who is to Blame and What Should Be Done? Path Dependence

... century, both countries had the same economic performance, population and both states had the expansion foreign policy. However, by the XIX century, it became clear that both states started to follow different trajectories (see Figure 4). By 1850, the GDP per capita was double bigger in the United Kingdom ($4 248) than in Spain ($2 017). Figure 4. GDP per capita, 1836 to 2016 GDP per capita adjusted for price changes over time (inflation) and price differences between countries- it is measured in international-$ ...

Shedov Yaroslav
04.06.2021 15:23:39

Part I. The Russian Dilemma: Who is to Blame and What Should Be Done? Path Dependence

... economic performances throughout history, as it will become clear that most states have been following a certain trend, their own trajectory. As an example, in 1890, Galicia and Eastern Hungary (parts of Austria-Hungary at that time) had slightly higher GDP per capita than Russian Empire (see Table 1). If we rewind the tape forward, we will be astonished at finding out that Russian and Hungarian GDP per capita is still relatively the same (see Figure 2)1. Hungary and Russia are now no longer empires; ...

Shedov Yaroslav
14.05.2021 15:24:28

Erdogan punches above his weight

... issue thru his monetary policy and fiscal measures, and he even reshuffled national financial institutions. Erdogan sacked finance minister and head of central bank in hope of deflation and economic recovery. In order to ameliorate country’s Real GDP, Erdogan raised the prime interest rate, doubled gold reserves and began to sell collaterals. Despite Erdogan’s monetary measures, Turkish quarterly Nominal GDP signifies price increase and inflation escalation. One has better find the root cause ...

Sohail Ajmal
13.01.2021 16:09:25

#COP21. How Some parameters of the BRIC countries have changed from 1992 to 2015

... warming was a problem, and set a roadmap for reducing greenhouse emissions. The burden was mainly carried by developed countries, who were expected to cut, by the year 2000, their emission at the 1990 level. Twenty three years later, how have the world GDP, the total population and the global emission changed? Is it still fair to place most of the burden just on those countries that were considered rich at the time? In the following charts, taken from the World Bank Database, I have decided to analyse ...

Rietti Daniele
10.12.2015 23:06:00

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Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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