Russian economy: safe haven or oil bubble?

As the US economy has already fallen into a recession, according to the majority of economists, and the European one doesn't feel well, the so-called BRIC countries -- Brazil, Russia, India and China -- are attracting more and more foreign investors. Is Russia a truly safe haven in the troubled waters of the world economy? How will the current crisis affect Russian economic development? To answer these questions, our guest today is Aleksey Novikov.

Category:

People & Blogs

Tags:

• Spotlight
• Russian
• economy
• BRIC
• economic
• development
• Novikov
• Gurnov

[alemanloco1]

OIL BUBBLE!

[borncode1]

Экономика США умер, и идет к краху экономики России до сих пор не начинает укрепляться, как у нас имеются большие запасы нефти и газа, нефти! Американцы тратят большие деньги на бесполезные войны теперь можно только плакать и стуча головой об стену

[darthvader5300]

@tacotony24 3rd world economy? You Americans do not have a Uralmash which is Russia's factories of factories. You do not manufacture (60%) most of your consumer and industrial consumables and durables. Russia did the right thing to insource domestically all forms of manufacturing businesses using it's oil money and natural gas money. Our real high-technology is reserved only for our military, we could have used it to make high-tech products but it will reveal military technological secrets.

[isurfu2ube]

@deni1985 True that I'm unemployed too! U.S economy is going to shit

[Playboysmurf1]

Russian people still have not leveraged themselves against the equity in their homes and many people don't have credit card debit. As Russians have the opportunity to borrow against their homes to create businesses, Americans already have borrowed against their homes to spend on disposable consumer items, and now the US people have to pay off that debit or simply manage it.

[tacotony24]

Russia = 3rd world economy

[mayabelldotcom]

This economist talking is an idiot. He uses a lot of fancy words but the statements he makes mean nothing. The interviewer make a good point; only oil & no manufacturing & production, is not a good economy. But energy & weaponry with controlled masses is their ideal economy based on it's weaponry & uneducated or unemployed masses ready to fight in case somebody opposes them. What USA & Russia really live by is brut force to protect them from being retaliated against as they loot other countries.

[ericssson]

Russia has the world's most fraudulent economy

[jamesskull2000]

russia economy is dying lol

[OutdoorsBlackMan]

What I have heard is that the common-folk of Russia hold a tradition of local farming and small businesses. Regardless of the country's international "economic" strength, the people thrive on their own basically.

Food consumption comparison

US- "Do I want Mcdonalds or Wendy's?"

Russia-"What will I cook today? Maybe mom around the block made her special stew today!"

I think that's funny.