Article Abstract:
Financial markets are beginning to become increasingly concerned about economic developments in Russia. The Russian economy does not have much direct significance for the rest of the developed world, but the emerging economies of eastern Europe, on which Russia puts pressure, do. Developments in Russia are also significant in financial terms, as Russia represents a further source of potential instability for western banks. If problems in Russia spread to the rest of eastern Europe, there will be serious repercussions for the entire European economy.
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Article Abstract:
It is clear that heredity confers very significant benefits in politics, both in the UK and in other countries. Indeed, in some countries political dynasties can last for many generations. This is partly because it is very difficult to enter politics, so being associated with a name that is already well known gives a significant advantage. Furthermore, it is easier to have a durable political career if you have strong family connections.
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Article Abstract:
The International Monetary Fund (IMF) should handle long-term financial and organisational help for Russia and other republics. Membership could be approved by July. The IMF is not a development body but gives short-term financial help while countries adjust their economies. The World Bank and the European Bank for Reconstruction and Development provide longer term funds. IMF's judgment is trusted by the world banking community.
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