Social And Economic Candition Of Russia In Twentieth Century
Answers
Explanation:
Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources.[21][22][23] The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars.[24][25] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 the oil-and-gas sector accounted for 16% of GDP, 52% of federal budget revenues and over 70% of total exports.[26][27] Russia is considered an "energy superpower".[28][29] It has the world's largest proven natural gas reserves and is the largest exporter of natural gas. It is also the second-largest exporter of petroleum.
Russia has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment, including a fifth-generation fighter jet, nuclear powered submarines, firearms, and short range/long range ballistic missiles. The value of Russian arms exports totalled $15.7 billion in 2013—second only to the US. Top military exports from Russia include combat aircraft, air defence systems, ships and submarines.[30][31]
The economic development of the country has been uneven geographically with the Moscow region contributing a very large share of the country's GDP.[32] There has been a substantial rise in wealth inequality in Russia since 1990 (far more than China and other Eastern European countries).[33][34] Credit Suisse has described Russian wealth inequality as so extreme compared to other countries that it "deserves to be placed in a separate category."[34][35] One study estimates that "the wealth held offshore by rich Russians is about three times larger than official net foreign reserves, and is comparable in magnitude to total household financial assets held in Russia.