Open AccessAnalytic Study of Russian Experience in Economic Development and Integration in the Global Economy: Lessons for Iran and Developing Countries
Author(s) -
Ismael Rezaeinejad
Publication year - 2022
Publication title -
vestnik rossijskogo universiteta družby narodov. seriâ gosudarstvennoe i municipalʹnoe upravlenie/vestnik rossijskogo universiteta družby narodov. seriâ: gosudarstvennoe i municipalʹnoe upravlenie
Language(s) - English
Resource type - Journals
eISSN - 2411-1228
pISSN - 2312-8313
DOI - 10.22363/2312-8313-2022-9-1-83-93
Subject(s) - government (linguistics) , commodity , liberalization , planned economy , developing country , economics , world economy , economy , socialism , communism , economic system , economic growth , political science , market economy , politics , philosophy , linguistics , law
Economic development is one of the main concerns of todays countries, significantly those influenced by the collapse of the communist bloc and the failure of a centralized planning and growth pattern of socialism. As a result, Russias economy in the post-collapse period witnessed chaos in domestic production and the rise in commodity prices. However, Russia is now the 11th largest economy globally, and the countrys exports, which was $ 78 billion in 1995, amounted to more than $ 420 billion. This paper attempts to analyze this experience concerning the role of government in developing and integrating into the global economy. Therefore, the main question is the governments role in developing and integrating into the global economy from 1995 to 2011. This paper attempts to review the Russian experience due to its similarity in post-Soviet period with the Iranian economys current circumstances, analyzing and comparing solutions that a government must consider to be transferred from a government-run to a market economy. The survey shows that the Russian government successfully took a step toward economic liberalization and integration in the global economy.