The Russian Transitional Economy Essay - 795 Words

SBEJ review paper Comments to the Author The paper tackles an important and interesting topic such as Barriers to Entrepreneurship. The context of investigation in the Russian transitional economy adds value to the paper too. However, here are some of the major comments 1. The original element of the paper is use of use of Double Bind Situation (DBS) theory to explain the entrepreneurial behavior in an extreme environment of transition. In particular, the paper does greater in terms of addressing the interactions of entrepreneurs and state individuals using DBST. Use of this theory to explain entrepreneurial behavior is important contribution to the field. 2. The review of entrepreneurship literature dealing with barriers is very brief. Author(s) should discuss more critically this literature by pointing some limitations. For example, paper argues that several authors have conceived of barriers as static while there is no discussion of some recent studies that use panel data technique, add dynamic component in their analysis, and of course overcome some of limitations of previous cross-sectional studies. The studies, analysis in the theoretical part are based on the cross-sectional. 3. Data and method needs some more careful details and discussion. First, there is no clear discussion how the sample of qualitative interviews was selected. This is very critical for implications of the study and its limitations. 4. Author(s) claim that ‘businesses for the study were eitherShow MoreRelatedRussias Gross Domestic Product1319 Words   |  6 PagesRussia’s gross domestic product puts its economy as the eighth largest in the world but its per capita GDP puts it at the seventy-fifth percentile. Retail markets and consumers became popular over a ten-year period. With the retail market on the rise in Russia, it is valued at $200 billion, of which $5.6 billion is electronics, Eldorado being the largest electronics retailer. For a while, Russian and Western retailers were unsure of moving directly into regions and instead focused on commercial activitiesRead MoreA Comparative Perspective Of Post Communist Transition1357 Words   |  6 Pagesmoving away from state capitalism and towards a free-market economy. But despite these parallels, the economic achievements of the two countries are drastically different-at least in the public perception, and especially so in the minds of investors. Economically booming China is viewed as a spectacular success story, while slowly progressing Russia is typically seen as a relative failure. At the very outset of the transition the Russian and Chinese leaders took radically different paths, at a differentRead MorePest Analysis of Russian Retail Market1179 Words   |  5 Pagesto scrutinize the macroeconomic environment as part of the market research. Political and Legal Aspects According to the Russian 1993 Constitution, Russia is a democratic federative state with a republican form of government grounded in the rule of law (pwc, 2012). After the fall of the Soviet Union in 1991, Russia has gradually opened up and after a seven-year transitional period with numerous market reforms, political stability was achieved under Prime Minister Putin and President Medvedev. MoreoverRead MoreRussian Culture Analysis784 Words   |  4 Pagessocialism, the people of Russia have endured many hardships that either changed, destroyed, or fortified their customs. The strength of that is required to live in the harsh environmental conditions and ever-changing political rà ©gime makes native Russians some of the most resolute and adept survivors on earth, who hold a unique and diverse society defined by everything from geography and politics to education and family. Because of Russia’s rise as a communist superpower and subsequent fall, as wellRead MoreRussian And Post Soviet Politics2360 Words   |  10 PagesThomas Blair Professor Lisa Goddard Russian and Post-Soviet Politics (POLI-354) 20 March, 2015 The Debacle of the Russian Ruble; Impending Instability on Geopolitics Historically, the ruble is one of Europe’s oldest currencies and has been in use since the 13th century. Over the past 100 years, the ruble has experienced two major economic crises and is on the brink of a third. The first crisis came after the overthrow of Tsar Nicholas II and the establishment of the Soviet Union in the earlyRead MoreA Civil Society2839 Words   |  12 Pagesin civil society during the fall of the Soviet Union. Soviet Russia In 1917, when Soviet Russia began its formation out of the Bolshevik Revolution and eventually out of the overthrow of the Russian Empire, a tight reign ensued across the region as the communist regime exhorted its autonomy on all Russian citizens. Joseph Stalin soon came to enforce this newly encroached reign of the Communist Party in 1924. During this time, all power was given to the state and by the state. This supremacy offeredRead MoreThe Eurasian Economic Union : The Development Of The Eurasian Economic Union1498 Words   |  6 Pagesdesign of the Economic Commission was the first attempt in the supranational delegation, where a qualified majority made economic decisions. The intentions of the integrations and its attempt to emulate the design was attested by the president of the Russian federation Boris Yeltsin, who in his address underlined that â€Å"the Commonwealth of Independent States (CIS) would take the path of integration gradually deepening it along the lines of t he European integration†. But the initiative proved to be aRead MoreEssay on The History of Chemistry and Its Influence on Society732 Words   |  3 Pagestechniques for smelting the metals such as copper and tin. The next age was 17th through the 18th century. In this century, The Dutch chemist Helmond’s work Ortus medicine was published posthumously in 1648; the book is cited by some as a major transitional work between alchemy and chemistry, and as an important influence on Robert Boyle. The book contains the results of numerous experiments and establishes an early version of the Law of Conversation Mass. Jan Baptist van Helmont suggested that substancesRead MoreThe Marshall Plan For The Cold War1724 Words   |  7 Pagesgave $13 billion in economic support to help rebuild Western European economies after the end of World War II. The plan was in operation for four years beginning in April 1947. The goals of the United States were to rebuild war-devastated regions, remove trade barriers, modernize industry, and make Europe prosperous again. It also aimed at promoting business in the United States by providing a strong market for Europe. But Russian Historians believed that there was more to the plan than just AmericanRead MoreRomania After The Soviet War1234 Words   |  5 Pagesof fixing their economy, â€Å"Since 1989, Romania has suffered from economic, social, ethnic, and environmental issues as the state has failed to confront problems that emerged during communism and grew worse with the impact of transition.† (373). Romania eradicated all foreign debt early in the transition phase however, paying of the debt created structural problems. The country faced terrible economic problems early on in their transition, but from 2000-2007, â€Å"†¦the Romanian economy grew in absolute