Thursday, October 11, 2012

More Russian Dutch Disease...

Featuring the world's ugliest regression. As Russia has increased its economic "openness" (Imports+Exports)/(GDP) in recent years,  it has not correlated with rising income.
Russia needs a development plan to harness foreign direct investment in new capital and technology, and end the reliance on oil and gas exports and capital flight. Here's an article about the Duma trying to ban officials from moving funds overseas

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