Russian Government and Economy Azita Panahpour

What’s so Important about Economy Economy: the various ways in which people produce, use and exchange all needed and wanted goods and services 1. Money has no value 2. No buisnesses can prosper People will remain jobless

What’s so Important about Government 1. safety from foreign invaders 2. provide common infrastructure Maintain laws and order

How does the Government and Economy relate to each other Both are dependent on one another How involved the government is with businesses (laws, taxes, etc.) may effect the economy The types of benefits the government offers may help individual buying power and will help increase profits

Exchange rate One U.S. dollar is equivalent to 56.95 Rubles http://www.nationmaster.com/country- info/compare/Russia/United-States/Cost- of-living Russian Ruble Worth

Russia’s Economy The surplus oil and gas revenues helped shaped an increase in the economic growth https://youtu.be/4N4NMft-9r0 Russia's GDP growth at 3.0–3.5% per year. massive inflow of external resources into the country. The surplus oil and gas revenues

Russia’s Government  the Russian government and the Bank of Russia lifted nearly all restrictions on capital transactions  foreign debt was reduced the federal budget and current account experienced a stable surplus Net capital inflow to developing countries and emerging markets

Russia’s Type of Government a federal semi-presidential republic the President, and the Prime Minister share governing responsibilities as the head of state and head of government Three branches share the responsibilities of running the country: the executive branch, the legislative branch, and the judicial branch. Vladimir Putin and Dmitry Medvedev

Russia’s Type of Economy Transition to market economy (1991–98) Following the collapse of the Soviet Union, Russia had undergone a radical transformation, moving from a centrally planned economy to a globally integrated market economy. http://www.heritage.org/index/country/r ussia

Conclusion How well is the employment rate in your country? Is your target country paying appropriate wages? What are some of the beneficial programs that your target country’s government offer?