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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Rob Shilling who wrote (805)11/14/1998 10:32:00 PM
From: jbe  Read Replies (1) of 1301
 
Russia is an inefficient version of the U.S.

Russia is not producing much of anything. It exports almost exclusively raw materials. And up until this latest crisis, virtually all the consumer goods being sold in the markets were imported, and much of the food as well. Until the Russians reform the tax system so as to encourage the growth of small and medium-sized production enterprises, and to make it actually profitable for them to produce goods (rather than just to trade them back and forth), I personally don't have much hope for the Russian economy...And I see very few parallels with the U.S. economy.

jbe
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