The Rather Pathetic Economy of Russia | Economics Explained

The video explores Russia's economic landscape, focusing on its transition from the Soviet era, the implementation of the Washington Consensus, and the challenges of corruption and mismanagement. It discusses the economic reforms under Vladimir Putin, the impact of international sanctions, and evaluates Russia's current economic status. Despite its vast resources, Russia's economy faces significant challenges due to inequality and geopolitical tensions.

What were the main factors that contributed to the economic decline of Russia after the fall of the Soviet Union?

How did the Washington Consensus aim to rebuild the Russian economy in the 1990s?

What role did corruption play in the privatization process of Russian industries?

What were the consequences of the 1998 economic crisis in Russia?

How did Vladimir Putin's presidency impact the Russian economy after the 1990s?

What were the effects of the sanctions imposed on Russia following the invasion of Crimea?

In what ways did the devaluation of the ruble benefit Russian export businesses?

Discuss the implications of wealth inequality in Russia as measured by the Gini coefficient.

How does the current economic situation of Russia compare to its status in the early 2000s?

What challenges does Russia face in maintaining economic stability in light of its political actions?