Day: October 22, 2015

Following the dissolution of the Soviet Union in the winter of 1991, the newly-formed Russian Federation took on the challenge of creating a market-oriented economy from the world’s largest state-controlled economy. President Yeltsin’s economic reforms led to hyperinflation and loss of financial security for many who had depended on state pensions, and Russia’s GDP contracted… Read More "Kopeks and Big Macs – Russia’s Move to a Market Economy"