The Rather Pathetic Economy of Russia | Economics Explained

The Rather Pathetic Economy of Russia | Economics Explained

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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.

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10 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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