Originally Posted by Ali Radicali
I want to start off by saying that I'm not particularly well-informed about Russia's current or very recent economic situation. That having been said, i'm still kind of skeptical about these figures. First of all, I'd like to know whose numbers those are; whether they come from the Kremlin or from neutral third parties.
Secondly, I'd be careful about attributing all the growth to putin. After the fall, Russia was in a slump for about a decade, and while you could argue that it was putin's brialliant statemanship that brought them out of it, you could also argue that the two are unrelated, and Putin is simply benefiting from an economic growth that would have occurred anyway once Russia got back into the world economy.
Well, the data comes from several sources, International Monetary Fund
, CIA World Factbook
"Average wages rose eightfold during Putin's eight years as president, from roughly $80 a month to $640, and GDP sixfold"
I don't know how or where these organizations get their numbers, but I think it is pretty evident that there was major economic growth since Putin came to power. Of course, not everything is perfect, as there is still high inflation, and the Russian economy is heavily dominated by commodities such as natural gas and oil. Now, efforts are being made to transition the economy to a more technology and innovation driven one, but so far with little success.
It's true that it's difficult to tell what exactly was the cause of this growth, the increasing energy prices certainly played a major role. However, there is a major transition from Yeltsin's Russia, where oligarchs owned all major Russian companies, to Putin's Russia, where Putin established state control over companies such as Gazprom and Rosneft. http://russiaprofile.org/politics/a1187177738.html