Observations on Contemporary Russia
Observations on Contemporary Russia

Author(s): Miroslav Jovanović, Alexey Timofeev, Žarko Petrović
Subject(s): Politics / Political Sciences, Security and defense, EU-Accession / EU-DEvelopment, Geopolitics
Published by: ISAC - Centar za međunarodne i bezbednosne poslove
Keywords: Russia; Serbia; Kosovo
Summary/Abstract: The economic crisis Russia now experiences is of a dual nature. It experiences a global crisis, and Russia’s own domestic economic crisis, which was catalyzed by the global one. The model of Russia’s economic development, based on extraction of natural resources, was coming to a logical end. Russia’s inability to keep its economy growing fast was just a matter of time. Although the political crisis and the consequent reformatting of Russia’s political system look inevitable, there will, probably, not be a massive social unrest which will lead to it. According to sociologists it takes about a year to convert job losses and the inability to keep up with habitual life styles into an organized political protest. System’s safety margin by this factor goes well beyond 2009, keeping in mind the essential financial reserves to provide certain social guaranties.

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