Russian stock market falls by nearly 50 percent in third quarter…

Archived Articles | 06 Oct 2008 | Paul GobleEWR

As a result of the war in Georgia, declines in the price of oil and the flight of capital from developing countries as a result of the worldwide financial panic, the Russian stock exchange index fell by 47.8 percent in the third quarter, far more than any other equities market in the world (grani.ru/Politics/Russia/Cabinet/m.142167.html).

… and many economists say Moscow has only itself to blame.

Andrei Illarionov, former Kremlin advisor and president of the Moscow Institute of Economic Analysis, says that the Russian authorities are to blame for most of the decline because of the way in which they have managed the Russian economy over the last ten years (www.barentsobserver.com/russia.... Other economists have echoed his view, arguing that "the consequences of the [current] crisis can be increased as a result of defects in the country's economic and financial policies" (www.ng.ru/economics/2008-10-03....

(Window on Eurasia shorts, October 4, 2008)

Archived Articles

The reverberations of Soviet totalitarianism in Finland: Sympathies and contradictions (II) (1)
Translated from Imbi Paju’s article in “Maailma Vaade” (View of the World).

This year 70 years have passed since the signing of the ...

How to Liberate an Economy
Entrepreneurs understand the importance of freedom in the workplace

Guy Sorman, TCS Daily

Brian Carney and Isaac Getz's Freedom, Inc. is a ...

Lessons from Estonia: Protecting the West from a computer attack
Väino Reinart, National Post, October 22, 2009

The cyber attacks carried out against Estonia in the spring of 2007 served as a wake-up call about ...

Opening statement by Mark Carney Governor of the Bank of Canada Press conference following the release of the Monetary Policy Report 22 October 2009
Good morning. Paul and I are pleased to be here with you today to discuss the October Monetary Policy Report, which we published this morning.

...

Welcome home
It is high time to abolish the concept of ethnic minorities
Europe.view column, Oct 22nd 2009, from Economist.com

Should the Polish ethnic ...

Moscow Patriarchate’s efforts to subordinate ‘alternative Orthodox’ undercut Russia’s future, Regelson says (2)
VIENNA, October 22 – The Moscow Patriarchate’s drive to subordinate all independent Orthodox bishops and believers to its own power vertical, an ...