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Topic: Business
Number of pages / Number of words: 7 / 1684
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Some important market-oriented laws had also been passed, including a commercial code governing business relations and the establishment of an arbitration court for resolving economic disputes.

  • But in 1998, the Asian financial crisis swept through the country, contributing to a sharp decline in Russia's earnings from oil exports and resulting in an exodus of foreign investors...

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dollar reserves)

? $5 billion of the international loans were stolen

? The Russian stock, bond, and currency markets collapsed (65%)

  • Effects

? Russian inflation in 1998 reached 84 percent

? Banks, including Inkombank, Oneximbank and Tokobank, were closed down

? Loss of savings

Demonstrations by common people leading to social insecurity

  • Prices for almost all Russian food items had gone up by almost 100%
  • Imports had quadrupled in price
  • The salaries of miners were unpaid and so government paid $4 bn

POST FINANCIAL CRISIS REFORMS:

  • The volume of consumer credit between 2000–2006 increased 45 times, and during that same time period, the middle class grew from 8 million to 55 million, an increase of 7 times...

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Important court cases Country Business Analysis I Country Business Analysis of Iraq Country analysis Russia Governing Business Activity Important Issues In Transforming A Company Into A Market-Driven Organization: Key Challenges To Adopting Market Orientation Within Modern Organizations. The Universal commercial Code 2. How did Japan, China, and Russia differ in the ways they reacted to Western European commercial and cultural contacts? Laws Governing the Moon Russia Country Analysis The Universal Commercial Code, Banks, and Fraudulent Activity Uniform Commercial Code 2b The A critical review of the major opposing views on arbitration & industrial relations Alternate Disputes Resolutions: Mediation And Arbitration How to Design and Code Object-Oriented Programs

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