Is Russia a re-emerging superpower?
- Created by: Anoush
- Created on: 06-01-16 22:24
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- Russia- a re-emerging superpower?
- By the end of Dec 1991, the USSR had completely collapsed. Its largest member, Russia is now fighting back as a future superpower.
- Strengths
- Has the world's largest known reserves of natural gas, and is the 2nd largest oil producer after Saudi.
- These 2 commodities accounted for 60% of Russia's exports in 2007.
- 4th largest standing military forces- used to annex Crimea in 2014.
- Poverty has been in decline since 2000. In 1998, 40% of Russian's lived below the poverty line. Today, it's less 13%-.
- The 2008 global recessionwas short-lived for Russia, compared to EU.
- GDP is only 17% of the USA's
- Key economic player in its region and in oil/ gas/metal sectors.
- 1/7 the number of military aircraft that the US can deploy.
- Russia has an ambitious space programme funded to 2040
- Was the world's 15th largest car producer in 2010- 7% of worldwide production.
- Not as sucessful in manufacturing than China.
- Was the world's 15th largest car producer in 2010- 7% of worldwide production.
- Russia has an ambitious space programme funded to 2040
- GDP is only 17% of the USA's
- The 2008 global recessionwas short-lived for Russia, compared to EU.
- Poverty has been in decline since 2000. In 1998, 40% of Russian's lived below the poverty line. Today, it's less 13%-.
- 4th largest standing military forces- used to annex Crimea in 2014.
- Best explains its inclusion in the BRIC's
- These 2 commodities accounted for 60% of Russia's exports in 2007.
- Has the world's largest known reserves of natural gas, and is the 2nd largest oil producer after Saudi.
- Weaknesses
- 1998 economic crisis led to a devaluation of Russia'a currency.
- Falling oil prices coupled with Western sanctions over Russia's support for seperationists in Eastern Ukraine have left them vulnerable.
- An 80% decline in investment in R's economy during 1990's caused old factories to halt economic production that fell by 50%- mass unemployment.
- Falling oil prices coupled with Western sanctions over Russia's support for seperationists in Eastern Ukraine have left them vulnerable.
- 1998 economic crisis led to a devaluation of Russia'a currency.
- Threats
- There's a timer on its superpower status as fossil fuels are finite.
- Dopine threat and suspicion in Winter Olympics left a cultutral indednt.
- EU and US economic sanctions ('freezing of assets')
- High investment in the development of non-renewable, finite resources i.e. claiming areas of the Artic to exploit it.
- Dopine threat and suspicion in Winter Olympics left a cultutral indednt.
- There's a timer on its superpower status as fossil fuels are finite.
- Oppertunities
- Growth of Chinese and Indian economies rises the demand for finite resources/energy which increases global prices.
- Russia's energy reserves are now very valuable.
- 50% stake in GAZPROM- controls 1/3 of World's natural gas reserves.
- Profits increase government revenue
- Growth of prices since 2004 and inflow of 'petro roubles' has changed Russia's power balance with its neighbours.
- Sees itself as an energy superpower and energy security will be central to future relations.
- A 'Eurasian Eunion'- President Putin raised the idea in his 2012 election campaign
- R has unsucessfully tried to join the WTO for the last 18 years.
- This idea of a Eurasian customs union is seen as an attempt to promote regional trade in the absence of better access to global markets.
- "We propose a model of a powerful, supernatural union, capable of becoming one of the poles of the modern world."
- This idea of a Eurasian customs union is seen as an attempt to promote regional trade in the absence of better access to global markets.
- R has unsucessfully tried to join the WTO for the last 18 years.
- A 'Eurasian Eunion'- President Putin raised the idea in his 2012 election campaign
- Sees itself as an energy superpower and energy security will be central to future relations.
- Growth of prices since 2004 and inflow of 'petro roubles' has changed Russia's power balance with its neighbours.
- Profits increase government revenue
- Growth of Chinese and Indian economies rises the demand for finite resources/energy which increases global prices.
- The superpower model confirms that R isn't a superpower. It has retained some aspects of a superpower but no longer has key influence in the areas of economic and cultural power.
- But, it does deserve its inclusion in the BRIC's.
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