Unformatted text preview: 2006. He presented the current state of Russia’s economy with his own term, “Darvensazimus disease”. Illarionov came up with the word “Dadrvensazimus” after putting together five different factors: Dutch, Argentinean, Venezuelan, Saudi Arabian, and Zimbabwean. Meanwhile, each of the countries’ names is “disease” which has impacted Russia’s Economy. The “Dutch disease” referred to the nation sustaining a high rate of inflation. “Argentinean disease” was the nation’s use of industrial policy, such as oil, natural resources, and other factories. The “Venezuelan disease” was based on the nationalization of the country....
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This note was uploaded on 09/08/2010 for the course ECON 1B at San Jose State.