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История экономики. Россия в первой половине 1990-х гг. (самое важное) Directory / Lecture notes, cheat sheets Table of contents (expand) 76. Russia in the first half of the 1990s. In the second half of 1991, the state of the economy in the USSR deteriorated sharply, the market for consumer goods ceased to exist, the shops were empty, the distribution of goods was carried out by coupons and business cards. In large cities, there was a threat of starvation, not due to a lack of food in the country and not a poor harvest, but as a result of the unprofitability of agricultural enterprises to sell their crops to the state at established prices. The villagers were expecting an increase in prices for the purchase of their products. Prices on the "black" market for bread were much higher, which contributed to the process of buying and smuggling it abroad. At the end of 1991, the government purchased less than 20% of the crop. The budget deficit was equal to 20% of GDP and it became impossible to control, foreign loans were used in full, and no one wanted to provide them, since at the end of 1991 the country was unable to pay interest on them. The gold reserve of the currency was also completely exhausted, reached a minimum level - 289 tons and became incomparable with the needs of the state and its financial obligations. For the current situation in the country, at the end of 1991 year took Russian government responsibility, whose president was B.N. Yeltsin, who had two ways of further development. According to the first, it was necessary to stabilize the economic situation by strengthening measures in the supply and marketing system, increasing the size of the distribution of consumer goods, by cards and balancing prices, namely by increasing them. This procedure was provided for in the “500 Days Program”. In accordance with second direction it was necessary to carry out reforms in relation to the market system, through a combination of certain measures. The first path was more understandable for all levels, and for the people, who expected the state authorities to quickly overcome economic and political difficulties. One of the problems in the implementation of this path was the lack of well-established political and organizational processes that had the opportunity to carry out this stabilization of the country's economy. The state institutions that remained from the USSR were weakened and needed to be re-formed. Unlike the first, the second path was incomprehensible and difficult for all levels of management. It assumed a sharp transition to a new environment, and was also associated with a several-fold increase in prices. The President of the country chose the second way of economic development, at the end of 1991 year was created new government. The reform of the political system was stopped, i.e. it retained its original structure. During this period of time, uncertainty continued to persist in relations with the former union republics, as their leadership made decisions that did not correspond to the views of the Russian government, which as a result was reflected in the economic situation of the country. After the signing of the agreement on the formation of the CIS, the highest authorities acquired the ability to control the monetary and financial system, to initiate the development and implementation of an independent policy in the field of the economy. В end of 1991 year the country's president announced his intention implementation of economic reforms, which the government, mainly consisting of academic economists, began under the leadership of B.N. Yeltsin. The young staff, knowing the main directions of development of the Western economy, did not have practical experience in economic activities of large-scale government management. Authors: Zilbertova T.N., Takhtomysova D.A. << Back: Attempts to transform the economy. V. Pavlov and monetary reform. The collapse of the USSR >> Forward: Beginning of economic reforms in Russia We recommend interesting articles Section Lecture notes, cheat sheets: ▪ Russian language. Final tests ▪ Economics and sociology of labor. Crib See other articles Section Lecture notes, cheat sheets. Read and write useful comments on this article. Latest news of science and technology, new electronics: The existence of an entropy rule for quantum entanglement has been proven
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