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To: wetphoenix
I did, just to be brief. But the driving factor behind the resurgent Russian economy is still mostly because oil prices increased 500% since 2000.

More populous, but the vast majority of the oil money is concentrated in the Moscow metro region and in the hands of the oligarchs. Which was the point in my earlier post, actually.

Speaking of oligarchs, one of the good things Putin did was stop the rampant stealing during Yeltsin era. Now they only steal what Putin lets them steal, which is still better.

And as for your examples regarding SA and Norway economies having increased about 250-300% since 1999, well it turns out Russia is much the same.

Chart below shows Russia's real GDP increasing from 1 trillion in 1999 to 2.6 trillion today. 260% growth and consistent with your figures. Venezuela is doing terrible for obvious reasons.


12 posted on 04/17/2014 7:24:21 AM PDT by Corporate Democrat
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To: Corporate Democrat

13 posted on 04/17/2014 7:38:50 AM PDT by wetphoenix
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