Simiilarities and diffierences between Australian & Russian economy
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July 7, 2014
No of pages / words:
9 / 2420
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Modernization and productivity growth outside the oil and gas sector have also been important contributing factors to the recent expansion.
Russian economic growth in 2005 has been influenced by three primary factors: a continuing rapid expansion of domestic incomes and demand, improvements in the expectations of investors, and growing competitive pressures from the real appreciation of the ruble...
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While Australia's national output is well ahead of neighbours such as New Zealand and Indonesia, it is well behind the outputs of Japan, China, the United States and many European nations. The main reason why our economy is small is because of our small population. The Russian Federation, however, is a relatively large country yet suffered many economic downfalls during a period of time which has therefore attributed to its slightly under-developed economy...
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