The Spectacular Rise & Fall of Russia's Economy

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SOURCES:

Timestamps:
0:00 - introduction
1:29 - Fall of Tsarist Russia
2:22 - Soviet Russia
5:49 - Yeltsin's Russia
7:14 - Putin's Growth Miracle
9:42 - Putin's Economic Problems
12:14 - Breaking the Cycle
14:53 - Sponsor
15:25 - What Is Next?

Attribution:
I used many clips from other YT videos such as:

Narrated and produced by Dr. Joeri Schasfoort

[wartem]

Even Italy's economy alone is bigger than Russia's before sanctions.

[Zangieff]

I’m watching your channel from time to time and was now very surprised to see you including a part from my video in the beginning 😅

[SuperLeica]

Circular economy stumbling through reemerging cycles are not only applicable to Russia/Soviet. Looking back through history one finds these signs in most big "strong" nations where tough leaders initiate necessary changes and then retire into self-appreciation. Once they've changed the failing structures, they begin to defend their solutions against any further changes. Which of course is quite ridicolous, as the only sure thing through time is that change is a constant, with or without one's help.

[keithrosenberg]

Russia was never an economic superpower. It was a military superpower. Russia has never believed in soft power.

[extraterrestrialfascisti]

It strikes me that Russia's economic miracle till 2014 mirrored Brazil's. Both are commodity based and when oil was high was flushed with cash. Brazil instead of using the oil money to expand the nation's infrastructure was blown on the World Cup and Olympic stadiums. Much of which included graft which lined the pockets of Lula's cronies. Soon after the fall of oil Brazil had no money for roads, schools, and social services.

[Red-dizb]

I am russian. I see a lot of people say that Russia will rise and so on, maybe it is, but it will take decades, all I can say we will live worse the next ~5 years. As it was in 2014 when all russian got much poorer, maybe people live good in big cities like Moscow, but here, in regions it is not so good, yeah, people have money for food and clothes, but hardly more as it always was in Russia. I wanna believe that Russia will rise, but now I don't see any reasons for it, if Russia hadn't rise for about 20 years due to good incomes into contry's budget, so why it should rise now in a such bad situation.

[kvikende]

I might have missed it butI felt the issue of corruption wasnt brought up. Doing business in a country like Russia is a pain because the rules are applied arbritrary. Got family members who are doing business in Russia and they have so many stories about the requirement of having dollars available during an inspection otherwise they will send you through bureaucacy hell, to demanding intallation of unnecessary equipment by a specific vendor who happens to be a friend of the head of the authority in the region.

[sergeystaroverov]

How it's going, dear autors and commentators?

[nami-swan]

Since i saw your video on Economics Explained, i have been a subscriber. Tremendous content. Props from Portugal!

[NightThings]

The one thing that makes Germany and Japan different is called Freedom! Without freedom the people suffer and the government falls!

[maxheadrom]

Guess who wanted to go slow? Gorbachev. From 1991 to 2001, an estimated 2.5 to 3 million people died in excess (base 1991) according to a paper that can be found on the NIH site.

[adiba]

Would you like to make a video about japan economic. Will japan Be like Argentina wich was previously a develope country to an declining country

[coleboogaart]

Great video! I love how you've transitioned your content towards current affairs over this last year. When you were giving basic lessons on economics, you were great, now that you're describing the world through your economic lens, you're phenomenal!

[BenjaminM]

A superb presentation of the cycle of Russian economics. Your speaking style adds immensely to the subject and I look forward to your next video.

[jamesmarcus]

According to me if they can, USA properly invades Russia without making much attention they would win but if Russia can see the forces of USA coming they would make use of their long ranged attacks and decrease the power of the forces of USA leading to Russia victory.

[mitchells]

The one thing I disagree with is Russia's economic growth/rebirth times being caused by their leaders. They were caused by selling natural rescources, minerals, fuel, raw commodities, and military hardware when the prices for one or more of those things are high.

[Thats_quite_cool]

This video is probably your best one yet! Incredible work Yoeri!!

[JohnCooganPlus]

love the new studio! looks amazing!! (and the content is great too haha)

[funjunk]

Yeah but they actually have a responsible, reasonable debt to GDP ratio of 19%. US and Western Europe is like 150-200%...

[marcolamy]

So informative. You're getting better with every post. Thank you.