...This discussion in turn boils down to the question “what is globalization?” According to me globalization is a word which has its origin from the process of transformation from self-sufficient civilizations to modern countries having specializations and doing trade. Globalizations finding its way back from 3000BC to the most recent times; it can be defined in various ways depending upon time. Gunder Frank’s theory of dependency explains it all. Globalization was always need driven, more was the need more was globalization in terms of trade, people, colonies, power, labor, etc. so it can be said that in a world of self-sufficiency globalization dies, only when the markets are volatile, globalization has its pace and when a particular segment becomes saturated in every economy there would be no exchange of this good or service or technology from one another and the scope for globalization ceases. When each country has a holiday destination like Miami nobody would be ready to come all the way spending more money. This is very much a reason for more south to south trade and south to north trade rather than north to south. With this transition or reform in the economic flow we can say the world is being pulled apart. The question “the world is still not flat?” is a comparative term and drawing back the lines to the 3000BC, I would say the world is flat. Russia is a young economy with great scope of development. After its economic reform in 1999 it faced a huge inflation because...
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...Introduction: The purpose of this report is to consider The Russian Crisis of 1998. What events led to this crisis, how it affected ordinary citizens and the effect it had on the world capital markets. We will also discuss the role IMF and other countries played in helping with the crisis. What the Russian government did in order to stabiles the situation and what role politics played in the process. We will use a number of sources in order to complete this report. Question One: What event is recognised as the beginning of the crisis? The Russian crisis begun on August 17th 1998 when the central bank of Russia announced that it would widen the intervention bands from ruble. It meant that the ruble was allowed to fluctuate against dollar. As a result, the exchange rate of the ruble fell steadily which led to a collapse in Russia economy. However, the crisis was not caused by a single event. It was a consequence of a continuing downward trend in Russia economy since its economic reform in 1991. The crisis’s seeds were sown from that day. The main causes of this crisis could be divided into 3 timelines: * Period 1991 – 1996: In 1991, Russia changed from a very strictly centralized economy to a market economy. Up until then, the Soviet played the most important role in subside all the state sectors. It consumed one-third of GDP and supported at least every third man, woman, and child (Roman, G & Robin, M – 1999). When the real prices were introduced, these state sectors...
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...The Russian Ruble Crisis of 1998 is termed as among the worst financial crisis to hit the Russian economy. The Crisis is believed to have been triggered by a number of factors. The Asian financial crisis of 1997 is a major cause of the crisis as it led to declines in the world commodity prices (Owyang, & Chiodo 2002, p. 7). Just to be appreciated is the fact that Russian economy was heavily dependent on oil. There are other reasons such as the downfall of the Soviet Union in 1991 and the economic difficulties it brought to the Russian nation. Another common cited reason is poor financial policy practices by the Russian government as well as political crisis that were witnessed in the nation earlier that year (Owyang, & Chiodo 2002, p. 7). The Russian financial crisis had various political and economic consequences. First, the crisis compromised the confidence of the citizens of Russian to the government of president Yeltsin. Indeed, facing much opposition in the parliament, Yeltsin was forced to fire Kiriyenko as the prime minister and nominated Foreign Minister Yevgeny Primakov to the position (Tarassova, Kraakman, & Black 2000, p. 12). On the economic front, the Russian crisis led to the collapsing of the Russian stock, bond, and currency market on august 13, 1998. This was a direct result of investors fear that the government could devalue the ruble as well as claims of failure by the government to repay its domestic debts. This paper gives a critical analysis...
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...The Russian financial crisis occurred on August 17, 1998, exacerbated by the global recession caused by the Asian financial crisis in 1997. Russia was highly dependent on exports of raw materials, with petroleum, natural gas, metals and timber accounting for more than 80% of its exports. With the drop in global demand, prices of those commodities began to decline. This resulted in an impact on its foreign exchange reserves since Russia had a fixed exchange rate regime during this period of time, where the ruble was only allowed to move within a narrow band. With the speculative attacks caused by the Asian financial crisis along with the decline in global demand, the Central Bank of Russia stepped in to defend the ruble in the markets. Russia was also experiencing fiscal deficits and declining productivity in its economy. Foreign capital was initially attracted to the Russian market due to the high interest rates, which was then used to provide internal loans in the country. The Gosudarstvennoe Kratkosrochnoe Obyazatelstvo (GKO) bond interest rates soared to 150% in an effort to prop up the currency and to stop capital flight. Internally, debt on wages continued to grow and financing for major big budget items were impacted as debt grew. The Chechnya War from several years earlier further compounded these problems. Russia also suffered from a political crisis where the entire government was fired in 1998, causing for investor confidence to be further eroded. ...
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...147 million people the business opportunities are just as great as the abundance of raw materials and the landmass of the country. Russia is a unique business opportunity and the first thing that needs to be established before thinking of doing business in Russia is an understanding of its people and their diverse culture. Russia’s turbulent past and breakup of the U.S.S.R. along with the switch to a free market and privately held companies have combined making the people of Russia complicated and cultural diverse. Understanding how these cultural diversities allow for international business to be more successful inside of Russia will allow for the expansion of business and the creation of opportunity for those willing to understand Russian culture. Russia is in a unique position to allow for foreign investment to help grow and stabilize their economy and grow their relationships with foreign countries and investors. It is the investors and businesses responsibility to understand and accept the cultural differences that are encountered during the commission of international business. Keywords: dimensions, culture, business, differences, Global Business Cultural Analysis: Russia Globalization has brought cultural awareness to a new level, instead of diminishing the need for cultural knowledge it has increased the rate by which we have to acquire and understand cultural dimensions. Knowing who you are doing...
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...An introduction to Russian: History, culture, and psychotherapy. Elms College Maxim M. Arbuzov Spring 2012 Abstract: On March 15, 2012, I landed in Vladivostok, Russia. I was amazed by the diversity and fast growth of the city since my last visit in 2006. Everything has changed the population has quickly grown, and people from around the world are visiting this place that is economically expanding. I seen family, friends, and professionals, which all knew my academic intentions. I talked a lot about social work and counseling, and more specifically: what would they do in times of crisis? Would they seek help? Where? I interviewed a few people of different age brackets, and they all had the same thing to say, for some odd reason; grab a bottle, head over to your best friends house, that is our therapy session. From this I became very interested in one underdeveloped and not heavily researched topic: psychotherapy and counseling in Russia. Introduction It is rather difficult to understand the status of psychotherapy in Russia nowadays, without background information on its history and culture. Russia among other nations has a long history of war and revolutions, which impacted every sphere of life for their populations. Different nations fell under the umbrella of the former “Soviet Union”, which is why Russia is such an interesting country to study because of the vast diversity. Along with diversity the most interesting part researching Russian Psychotherapy is that...
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...changes have made on your culture. Population of the nation is very important for its culture. If there are more people who are sharing a culture, then the culture is stronger. But if population starts declining, culture starts dying together with people. It is very difficult to find the valid numbers of population for Ukraine between 17 and 20 century because Ukraine during those times was always divided between many different countries like Poland, Ottoman, Russian and Austrian empires. But today Ukraine is the biggest country by territory in Europe with population over 46 million people. In 1941 Second World War began which killed around 5 million Ukrainians. More than 2 million were departed to Germany for forced labor. Huge amount of cities and villages were destroyed by Germans. More than 10 million people were left without a home. After war Soviet government was doing everything to destroy Ukrainian cultural identity. Ukrainian literature, art and language were band. After boom an economical crisis occurred and was associated with lack of basic commodities as well as great inflation. During this times population growth decreased and cultural development slowed down. In 1991 Ukraine finally became independent and population growth stopped. Because of uncertain economical and political situation families were having maximum 2 children, which resulted in zero population growth. Between 1995 and 2009 population were declining and between those years went down...
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...POL 101 Politics: Comparative Introduction State Role in Development Hypothesis—Development covaries with state capability in complex, population-dense world. Definitions of Key Terms state— territory, population, government, international capacity state capability—delivery of essential functions; providing physical security, efficient institutions to assure rule of law, competent administration development—diversified commons with overlapping, cross-cutting allegiances, interactive networks of communication, invention, production, distribution, innovation, regeneration, sanctioned by performance-linked status quality of life—pervasive literacy, discretionary leisure, opportunities for self-improvement and life-long education, various sets of friends and associates, choice of urban or country life, privacy, with adequate prosperity and technological sophistication to make it all work Comments ● Republic of Kazakhstan: Kazakhstan’s development of immense mineral reserves and massive economic prospective (major foreign investments in oil sector) co-varies with its state capability of efficient administration, primarily from competent leaders, like President Nursultan Nazarbayev. ■ Republic of Latvia: Under the rule of successful and competent administration, Latvia has been able to restore economic growth in times of global hardship, co-varying with its efforts in establishing a status as a world educator in transferring that knowledge to member states...
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...The Russian “Trepak” vs. The Ukrainian “Hopak” The popular FOX TV show “So You Think You Can Dance” began introducing various styles of dance to bring awareness of traditions of other cultures into the mainstream television in the US. In last season’s finale, the two top male dancers, Joshua and Twitch, danced a ‘Russian “trepak”’ while wearing Ukrainian folk costumes and dancing traditional hopak moves. The hopak is the traditional dance of Ukraine. This caused some controversy, and offended those from Ukraine as well as Russia. The dance was choreographed to music from “The Nutcracker”, which raised questions as well. The fact that the composer, Tchaikovsky, who was of Ukrainian origin, used Ukrainian folk melodies in his works does not make them automatically Russian. Just to give a little history, trepak, or hopak was developed and then danced by the Ukrainian Cossacks even before Ukraine was taken over by Russia. The costumes, choreography and music had nothing to do with Russian culture, but instead were tied to Ukrainian traditions. Russians have never danced “trepak” as part of their traditional cultural dance. The fact that the dance was presented as a Russian number was not only an uncharacteristic sign of ignorance, but also insulted many Ukrainians watching everywhere! The “trepak” and hopak are distinct Ukrainian national dances that even the Soviet government never suggested were Russian in origin! Also, it was said that it was “Russian street dancing”...
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...Country Analysis: Russia MBA Fall 2015 International Management in Sport and Entertainment Table of Contents Country Analysis: Russia 1 Introduction 1 Economic Environment 1 Political and Legal Environment 2 Culture 2 Conclusion 6 Country Analysis: Russia Introduction Russia is the world’s largest nation, covering 6,5 million square miles, with a population of 143 million people recorded in 2014. Russia borders European and Asian countries as well as the Pacific and Arctic oceans. In order to make a decision, concerning the market expansion of an organization into Russia, the economic environment as well as the political and legal environment will be analyzed with a focus on the cultural aspects. Economic Environment Russia is one of the BRICS countries (Brazil, Russia, India, China and South Africa), which are projected to be the fastest growing emerging economies, with a combined GDP of $16 trillion. With a GDP of $2.6 trillion, Russia is a leading exporter of natural gas and oil and is the fifth largest economy in the world. Services are the largest sector of the economy and accounts for 58 percent of the GDP. The most important segments in services include wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods. This represents 17 percent of total GDP; public administration, health and education (12 percent); real estate (9 percent) and transport storage and communications (7 percent). Industry contributes...
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...communication because of some stereotypes or bias. The best example is the relations between Russia and Ukraine. If to consider the last years, a special trim can be observed in the relations of Russia and Ukraine in all of the questions connected with the Russian-Ukrainian relations. Geographically it divides the country into east and western part and with time the situation only gets worse. This is mostly the problem. Not only language and geography split the country but also the world outlook principle as well. The main problem of the Ukrainian authority today is how to connect these differently looking at the world and destiny parts of the country through a prism of the Russian-Ukrainian relations. The actions of the Ukrainian authority at the process of solving this problem are quite contradictory. On the one hand, there is an understanding of necessity to move toward Russia, but on the other hand, the movement seems to be in an opposite direction. First, it concerns the gas conflict between Russia and Ukraine. The intense relations between these two countries in the sphere of gas relations have already become a bad tradition. The misunderstanding level between them frequently leads to faults with the deliveries of the Russian gas to Ukraine...
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...Reginald Bruno Monekka Munroe Lillia Stroud Norman Thompson ------------------------------------------------- EDD 7812 OL1 32446 ------------------------------------------------- Strategies and Models of Mediation and Negotiation Nova Southeastern University April 13th, 2014 ------------------------------------------------- Russia Annexation of Crimea ------------------------------------------------- This paper will address the Russia annexation of Crimea and an International Negotiation related To the UN resolution for the West to increase the level of sanctions against Russia. Russia finalized its annexation of Crimea in March 2014. Although sudden, this annexation is not a new and instantaneous interest for the Russian government. There is a long history connecting these two countries dating back to many years ago. ------------------------------------------------- Parties involved in the conflict ------------------------------------------------- This international conflict involves the entire world as each country was interested in a peaceful resolution. Countries sharing a border with Russia are extremely anxious and fearful their security may be threatened as a result of this conflict. Therefore, the primary parties in this conflict is represented by the United Nations (UN) representing international law and security; Ukraine, the injured party; Russia, the supposedly aggressor; and Crimea. Additionally, the countries representing the UN Security...
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...Russian Culture When talking about the culture of Russia, using the ASCOPE method is an accurate approach to get an overview of what the culture consists of and the breakdown of the important factors. ASCOPE an abbreviation for: Area, which is the geographic location or territory of the country. Structures, is a physical location and function that can hinder a military operation: schools, government buildings, mosques and cemeteries. Capabilities, which refer to limitations of key personnel and civilian organization: Health, education and social status. These can also be measured by what they produce. Organization, are categorized by the positive or negative impact of the U.S mission. People, understanding the people are the most important in Counter Insurgency Operations. Learning the people and relating to the people will benefit the country by limiting the mistakes from misunderstandings and will guarantee more accomplished missions. Lastly is Events, which are the cultures religious traditions and holidays or any specific event that is cherished amongst the people (Miles). “Know thy self, know thy enemy. A thousand battles, a thousand victories” (Sun Tzu, The Art of War). So, when looking at Russia it is important to take into consideration the aspects of ASCOPE, especially the people. Russia is located in northern Eurasia, and is considered to be the world’s largest country on the basis of territory. It spans over 17,075,200 kilometers and covers roughly one eighth of...
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...were joined with four Russian cosmonauts. The three researches were from Japan, Canada, and Austria. None of the participants spoke English as their first language, however they each communicated in English at varying levels of proficiency during their stay. The replica was no larger than the size of a train car. As part of the study, the researchers were asked to join the Russian cosmonauts for 110 days, after the four Russians had already completed almost half of their 240 days in isolation. Only one female, Judith Lapierre, was invited to participate in the experiment. She had a PhD in public health and social medicine, and had previously conducted isolation research in Antarctica. It should also be mentioned that this would be her fourth trip to Russia enabling her to learn the language. Lapierre claims that the Japanese and Austrian participants viewed her as something favorable. Lapierre created a comfortable environment by rearranging furniture, hanging posters and putting down a tablecloth on the kitchen table. Lapierre explained that the Russians only viewed their environment as something to be endured. It was during a New Year’s Eve party, when an event ensued that created tension between the participants in the study. After drinking vodka, two of the Russian cosmonauts engaged in a fistfight and had to be restrained by the other men. The two involved generally did not cope well with each other even before the incident. Soon after, the Russian commander grabbed Lapierre...
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...regional operations. Nearly all the work force will be recruited in Russia as they understand the culture and will be more capable of opening the market and helping to increase consumer confidence in the product. Another point to consider is that, while recruiting and staffing are a fairly straightforward processes for most American companies, some Russian companies have had to actively search for and recruit employees. In one case, a client seemed surprised that he should spend time and money looking for qualified employees. He assumed that prospective employees would come to him . This is not necessarily the case in Russia and is a good reason why a local person should be on ground handling most of the recruiting and staffing stages. Training and Development - Training and development plan should be outsourced to bring the best based on the business , cultural and political environment of Russia . Performance Management – Forty-four percent of Russian managers spend more than one-tenth of their time managing employees' poor performance, which is much less than in the rest of the world, unlike in Western countries, Russian manager have not established the...
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