With the collapse of the Soviet Union in 1991, Russia emerged as a nation. A new constitution was adopted in 1993, representing the end of communism. Russia has now a federation style government with a market economy (“CIA”, The World FactBook: Russia, online). Despite important economic concerns (volatile and unpredictable economy with high inflation particularly, modern equipments needed in industries, strong influence of mafia in big cities…), the nation is obviously an attractive destination for business or global investors. Indeed, Russia is famous for its large natural resources (natural gas, timber, mineral reserves, oil fields, coal mines), strong infrastructures and its excellent proximity to Europe, compared to China and India (“Suite101”, online). Though there are universal cultural similarities, for those attracted by this Russian potential, it is essential to learn about the business culture aswell.
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee