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RE: LeoThread 2025-01-05 02:39

in LeoFinance4 days ago

Part 5/8:

Interestingly, upon closer examination, many experts argue that Russia does not conform to the typical characteristics of Dutch disease. For one, contrary to expectations, the Russian industrial sector has not completely collapsed. While it certainly underperformed relative to the service sector, the notion that it has been wholly consumed by oil wealth is misleading.

The Russian government also historically implemented countermeasures, such as creating a stabilization fund, that protected the industrial economy from the exterior shocks traditionally associated with oil booms. Thus, foreign investments remained limited within strategic sectors like oil, allowing for a somewhat balanced economic structure.

The Soviet Legacy