The Index of Economic Freedom and Russia

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Essay #: 053713
Total text length is 7,743 characters (approximately 5.3 pages).

Excerpts from the Paper

The beginning:
Economics for Global Decision Makers: The Index of Economic Freedom and Russia
This paper selects the country of Russia and discusses (and explains) its ranking on the Index of Economic Freedom. The paper also highlights how Russia’s ranking has changed during the past 5-10 years (with the focus being chiefly on how things have changed since the late 1990s). Before doing that, however, the paper also discusses the relationship between economic freedom and the variations one finds between wealth in nations. Ultimately, the essay concludes that Russia is a country that is overcome by (amongst other things) clumsy, capricious and uncertain regulatory regimes, by the absence of the rule of law, and by a restrictive approach to FDI (to say...
The end:
.....t patrimonialism, cronyism, corruption and authoritarian impulses have long exerted upon the nation and its ruling elites.
Resources
The Central Intelligence Agency. (2009). Russia. CIA World Factbook. Retrieved August 31, 2009 from https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html
The Heritage Foundation. (2009a). Russia. Retrieved August 31, 2009 from http://www.heritage.org/Index/Country/Russia#fiscal-freedom
Putin, V. (2009, January 28). Putin speaks at Davos. Wall Street Journal. Retrieved August 31, 2009 from http://online.wsj.com/article/SB123317069332125243.html
Statistics Canada. (2009). Foreign direct investment. Retrieved August 31, 2009 from http://www.statcan.gc.ca/daily-quotidien/090408/dq090408a-eng.htm