Business » Finance

Curse of Prosperity: Reflections on the 1998 Financial Crisis - Comments

Is Russia better off today than it was five years ago? Well, if you are into economic indicators, number crunching, charts, graphs, or interested in seeing some Western pundits attempting to make a comeback after getting Russia terribly wrong five years ago, then the answer to this question is an undeniable 'yes.'Five years later is also an election year; Russia's ruling political elite no doubt is quite pleased to pat itself on the back, demonstrating to the electorate who is best when delivering the goods. Russia indeed is a very different place than it was five years ago. But different does not necessarily mean better.

Show more

Dear readers! Please observe community rules and respect each other. We do not practice censorship. However, all offensive comments will be deleted, and their posters will be blocked.