The country focus explores the state of the Russian economy since the collapse of the USSR, and in particular under the leadership of Vladimir Putin. While Russia's economy has grown rapidly in the so-called pseudo- democracy that now exists, the country is heavily dependent on oil and gas exports-both industries that are still largely state-controlled, Indeed, the presence of the government remains an issue for the economy as a whole. Currently, roughly half of the total economy is still controlled by the state, a situation that could hamper future growth. Even private enterprises are dealing with considerable red tape and corrupt government officials. Both the World Bank and Transparency International have highlighted these problems as factors preventing commerce from flourishing in Russia. 1) Discuss the pros and cons of investing in Russia. 2) As a U. S. CEO of a company in the oil industry would you invest in Russia? 3) How does a stable government affect a country's ability to attract investment?
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