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Russian Economic Framework

A country framework for these medium-term considerations should yield results useful for investment planning, policy choice, and financial reimbursement where appropriate. This is the focus of the framework outlined in this paper. This framework does not explicitly cover longer term and global level assessments, although one could use an essentially similar framework for those as well. This paper outlines a framework, not a methodology. It is compatible with many different specific methods. The reason for preserving this flexibility is that there are many methods, reflecting somewhat different traditions in modeling and country expertise, and each of these may have its own field of appropriate use. These methods are also evolving rapidly. Yet it is useful to identify, in the midst of these varied circumstances and rapid evolution, which particular general features are essential, or at least highly desirable, and to state these explicitly. The Harvard Business Notes Framework is very comprehensive but not focused to specific line of industry.


There are two alternative paths that the West can pursue here. One alternative is that they could simply turn their back on Russia and let them default on further loans. As noted in the article "Can't buy me love" in The Economist, "This would place the world's sixth-most-populous country, a nuclear superpower and a permanent member of the UN

http://www.worldbank.org/html/extdr/offrep/eca/ru2.htm. February 10, 1999.

My personal beliefs are with the opinion that the West should not turn its back on Russia

The West supported democrats and reformers in the hope that their ideas would influence their country. In addition, Russia has been the recipient of large amounts of financial aid and loans from the World Bank, the IMF, and various Western governments. According to their respective web sites, since 1992 the World Bank has approved more than $11.29 billion in loans for projects to Russia, while the IMF has loaned more that $15 billion.



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Approximate Word count = 1908
Approximate Pages = 8 (250 words per page double spaced)


  

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