Despite Centuries of Dire Predictions, Why Russia Isn’t Going Away (NI)
There is a fascinating must read article in National Journal about Russia that begins by saying:
RUSSIA, IT IS often said, is a country that is barely able to stumble out of bed and put on matching socks in the morning. In the lead-up to the Winter Olympics in Sochi and continuing during the Games, the U.S. media declared open season on the nation. Americans were told that Russia is a country just about bereft of functioning elevators or toilets. Or even a national food, “except perhaps bad sushi.” Its people “hardly know who they are anymore” and its essence is defined by copyright infringement and “all-encompassing corruption.” All in all, Russia is “a country that’s falling apart,” as a New Republic cover story in February put it.
It’s a hardy theme. It’s also a completely bogus one. But that hasn’t stopped the media from reviving it again and again.
Latter on, the article makes the following all important point to understanding Russia:
Russia remains a risk-taking nation—and as questionable, even reckless, as its gambles may be, as in its support for the rebels in eastern Ukraine, this is not the behavior of a country destined for insignificance. And while there is a great deal that is second-rate about Russia, from its sagging transportation infrastructure to its shoddy health-care system, such blemishes, common to many nations, including the United States, are hardly evidence of a fatal malaise.
The interesting question, then, is what lies behind this unbalanced mind-set—what might be called the “Russia Is Doomed” syndrome. What is the source of such stubbornly exaggerated thinking—and why is Russia chronically misdiagnosed in this fashion?
To read the lengthy but fascinating article, The Eternal Collapse of Russia, go to the website of National Interest.
- Decoding Russia’s Tech Sector: A Future Alternative to Oil? (Hermes Investment Management)
- Russia and China to Build a Rail Bridge Across the Amur River (PR)
- Private Equity Group Blackstone to pull out of Russia (FT)
- The Coming Eurasian Century: Russia and China are De-Dollarizing. Is “Pipelineistan” Coming?
- Investment Implications of the Russian Invasion (Franklin Templeton)
- Russia Is Winning the Financial War (Lewrockwell.com)
- Russia, Kazakhstan and China are Buying Gold (The Diplomat)
- The Renminbi’s Creeping Internationalisation (BNP Paribas)
- Heatmap: Structure of Russian Exports (Research Affiliates)
- 2014 BCG Local Dynamos: 50 Emerging Market Consumer Companies to Watch (BCG)
- Who Are Russia’s Middle Class? Some Facts and Figures (MT)
- FATCA Fallout: Russia’s #2 Bank VTB to Stop Servicing Russia-Based US Clients (MT)
- Russia as Golf’s New Frontier (WSJ)
- Old Russia Hands’ Poll: Where Will Russia’s Economy Be in 5 Years? (MT)
- FLASHBACK: 10 Charts That Explain Russia (Forbes)