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Word Count: 1,376
The former USSR now called Russia has abandoned its dreams of a communist utopia in the hopes of becoming a strong capitalist country But the road is not an easy one To do this Russia must abandon the last vestiges of its former regime and even if they are successful in this they must also experience the growing pains of a democratic nation something that most members of the developed world have long ago conquered The main problem is that most democratic nations evolve into their present stake while Russia must do it seemingly overnight It is a near impossible task but with the proper tools it can be accomplished Although this former superpower is now in economic political and social ruin with economic aid that is funds and equipment better technology and good political advice regarding the governing of the nation and its people Russia can become a strong member of our global community Russia is in dire straits in terms of cash The Russian economy has had to do a complete turnaround which is very difficult Before the collapse of the Soviet Union everything was government owned and made only for need as opposed to luxury The Russian government has had to find independent ownersoperators for most of its companies and has been somewhat successful in doing so Also Western based companies have used the collapse of the Iron Curtain to explore a new market which was never available before This has led to some revenue in tariffs and taxes The market and the people in Russia are still struggling however Over 40 of its citizens are below the poverty line and although Russia has immense natural resource deposits such as diamonds and oil there is not much industry yet to reap the benefits of these untold riches When the full potential of these resources come about however it will be a monumental step towards the revitalization of the Russian economy Right
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