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The volume of industrial production in Russia in 1913 amounted to 6938.9 million rubles. [8] In 1913, Russia's share in world industry was 5.3% (fifth place in the world). [9] [10] Shares of Russia, United States, Great Britain, Germany and France in world industrial production (in%) [11]
The economy of Russia is much more stable today than in the early 1990s, but inflation still remains an issue. Historically and currently, the Russian economy has differed sharply from major developed economies because of its weak legal system, underdevelopment of modern economic activities, technological backwardness, and lower living standards.
In general, the peasants bought not only land, but also the value of serf labor, which enabled the state to cash in on the redemption operation. Unlike Austria and Prussia, the Russian government did not invest a single ruble in agrarian reform, but managed to make the redemption operation beneficial to the state. The debts of the landowners ...
Even prior to leaving, most companies drew no more than 1% of their revenues from Russia; and whatever revenues they lost by leaving Russia were replaced many times over by large, immediate surges ...
In a similar way, Russia which suffered during the Allied intervention in the Russian Civil War. The Soviet Union 's centrally controlled economy decided to invest a big part of its resources to enhance its industrial production and infrastructures to assure its survival, thus becoming a world superpower . [ 12 ]
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Because of this, industrialization could not feed solely on enthusiasm and demanded a series of compulsory measures. [44] [54] Since October 1930, the free movement of labor was prohibited and criminal penalties were imposed for violations of labor discipline and negligence. Since 1931, workers had become responsible for damage to equipment. [44]
Still, not all of Russia’s arguments are unreasonable. “There are some concerns on the Russian side that are legitimate,” Steven Pifer, a former U.S. ambassador to Ukraine, told me.