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Politics : Foreign Policy Discussion Thread
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To: Haim R. Branisteanu who wrote (8875)9/5/2008 1:46:10 PM
From: TimF  Read Replies (1) of 15987
 
Current spending patterns could leave Russia dangerously exposed to sudden shifts in global economic conditions down the road.

I was thinking the same thing as soon as I read the title of your post. If you get a serious recession over much of the world, and oil and gas prices decline as a result Russia could find maintaining the projected defense spending to be a very expensive burden.

Ideally (at least for Russia) Russia should try to reduce government spending and control and try to let other sectors besides energy (and some other things like construction fed by the energy dollars) flourish. But Russia's government seems to like centralizing control, and also Russia declining population can make a more broad based and durable economic flourishing problematic.

But then its not like Russia (whether under the Tsars, or as part of the USSR, or apparently now) has normally let such concerns stop them from putting a lot of resources in to the military or generally from being aggressive.
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