World-System (1950-2142) How Does the Economy of Russia Work?
I continually encounter articles suggesting that the Russian Economy is in collapse mode (see the Readings below). Google AI reaches a similar conclusion: My own model of the Russian Economy is strongly cyclical and unstable (see graphic at the beginning of the post, the RUL20 model , and my Blog Roll: Russia ) and is expected to start collapsing again around 2050.** This post is devoted to explaining how the RUL20 BAU model works. The state space has an Overall Growth Component (RU1), a Globalization-Energy Controller and a GDP-Malthusian-Unemployment Controller (see the RUL20 Measurement Matrix below). The Overall Growth Component and Controllers make sense from the standpoint of the Economy of Russia . Russia is a petrostate with a large land area and twelve economic regions . The Moscow economy is the largest among the Russian Federation and, historically, decision making has been concentrated in the Kremlin. Conditions in regions such ...