Enable Russia to help itself
AbstractWorld developments in the 1990s show a worrysome parallel to the 1930s with the Great Depression. Present- day Russia reminds of the pre-war Weimar republic, where a devastated economy and weak democracy allowed Hitler to take power. Western nations in the 1990s hinder trade with Russia and the Eastern nations for fear of unemployment at home, as they did in the 1930s with Germany. If trade were stimulated instead of hindered, Russia could regain economic and political stability by itself. The moral problem is not external and does not concern whether Russia would need financial aid. The moral problem is internal, and concerns whether Western political leaders are willing to face their own errors that cause the present mass unemployment at home.
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Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 9604004.
Length: 3 pages
Date of creation: 19 Apr 1996
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This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-02 (All new papers)
- NEP-IFN-1998-10-02 (International Finance)
- NEP-PKE-1998-10-05 (Post Keynesian Economics)
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