AutreyFDIRus

AutreyFDIRus - Foreign Direct Investment in Russia Econ 508...

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Foreign Direct Investment in Russia Econ 508 Matt Autrey
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Background At the opening of the new millennium, Russia looms on the horizon as an immense opportunity for investors. Russia is a vast country stretching across Europe and Asia, possessing spectacular wealth in the form of exploitable natural resources, technology, a large skilled workforce, and nearly 150 million consumers whose needs are endless.
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Background Their goals are to move toward a market system based on private capital investment and enterprise, and to integrate rapidly into the world economy. Russia has rapidly privatized the bulk of assets from the former state enterprises, and this has spawned thousands of new small and medium- size businesses. 891,000 new small business have been created by early 2000, and 65% of all Russia’s private business are now classified as small-medium sized.
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896 900 877 300 841 700 861 100 868 000 890 600 810 000 820 000 830 000 840 000 850 000 860 000 870 000 880 000 890 000 900 000 1994 1995 1996 1997 1998 1999 Number of small businesses in Russia, units
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Economic Information Population: 143.4 million Population Growth: -0.45% GDP breakdown: Agriculture (5.2%), Industry (34.17%), Services (60.67%) Inflation: 14.45 Exports of Goods and Services as a % of GDP: 31.7%
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There is an increased interest from foreign investors in the Russian economy, which has seen continuous growth over the past 3 years – a major turnaround after a decade of declines in the 1990s. On the back of strong oil prices, real GDP growth in 2005 is expected to reach between 3.4 and 5.6%. Key Point
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This note was uploaded on 07/17/2008 for the course ECON 508 taught by Professor Fleisher during the Winter '06 term at Ohio State.

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AutreyFDIRus - Foreign Direct Investment in Russia Econ 508...

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