Sustainability and Economic Globalization In Russia by

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Sustainability and Economic Globalization In Russia

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SUSTAINABLITLY AND ECONOMIC GLOBALIZATION

RUSSIA

Sustainability

is the ability of earth to meet your needs for an extended period of time.

Russia has three Main natural resources- Oil, Natural Gas, and Timber

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Timber is sustainable, as it can be replanted and is in abundance, especially in Russia. Oil and natural gas aren’t as sustainable, because they are an non renewable resource like timber is.

Russia contains 30% of all the natural resources in the entire world. It contains the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest oil reserves.

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It is a mixed economy. Up until 1991, it was a controlled or communist economy, but after the fall of the Soviet Union, they became a mixed economy.

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Since 1992, they have been a part of the World Bank. They have contributed $280 million US dollars to multiple funds in the World Bank.

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In the 1990’s, they needed to borrow a lot of money from the IMF after their economic crash from turning from communism. Nowadays, they receive $10 billion roubles, which is about $200 million Canadian dollars.

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