This section contains 344 words (approx. 2 pages at 300 words per page) |
When Russia emerged from the collapse of the Soviet Union and communism in 1991, many people predicted a bright future for the nation. Instead, the Russian people have endured numerous hardships as the nation has attempted to transform itself from a dictatorship into a democracy and from a command economy to a market economy. Russia’s gross domestic product (GDP) contracted by almost 50 percent during the 1990s. The savings of many people were wiped out by inflation and currency troubles, including a monetary crisis and devaluation of the ruble in August 1998. Sixty million people—about half the population—live below the official poverty line. Many workers have gone without a paycheck for months. The life expectancy in Russia has declined to levels comparable with some developing nations. Corruption within the government is widespread, and organized...
This section contains 344 words (approx. 2 pages at 300 words per page) |