Russia’s Profile, Essay Example

Type of economy: Dependent on Oil and natural gas production

Highly industrial in nature; the country’s economy is mostly based on developing products that are highly accepted for exporting into the international trade market

Type of government: Communist

Described by the political and social analysts of the country as a mix of federation and semi-presidential republic where the Prime Minister is considered as the head of the government.

Trade and capital flows: Has strong connection towards the outside economic alliances making it possible for the country to export at least70% of its basic produce.

The proper direction of the taxes of the residents of the nation have been used to specifically support national budget and the regular revenue noted through GDP report specifically allows the government to bring back the tax’s value towards developing the nation’s status and providing the people with their needs.

The commanding heights: State and Private Ownerships

Although there is a mix of commanding control applied especially in relation to business operations, the state owns a larger portion of the revenues and also gain remarkable amount of share from privately earned revenues.

Services provided by the state and funded through taxes: Health and Education are among the state’s focus

When it comes to providing the people with their basic needs, health and education comes first. With free educational services for the people, the state is able to direct the younger generation into realizing a more nationally-centralized culture helping them to establish a stronger society that is dedicated to establishing a more nationalistic group of generations. Healthcare provisions are often provided especially for those living in remote areas.

Institutions: strong direction specifically expected to make a distinct impact on how the people live in an overall context

Being under a communist system, the state aims to direct the people with specific note on how they can contribute to the social development that the nation wants to embrace.

Markets: Free market system that allows both private and public institutions to earn

The focus of earning is directed towards increasing GDP and increasing overall revenues of the state.

Implications of the Information for Marketing in Russia:

This notable information specifically insists on the manner by which business organizations aiming to penetrate the Russian market should be able to follow the culture it hopes to embrace. Relatively, marketing should be under the control of the government and following such pattern of operating business shall give an assurance of success for hopeful organizations aiming to operate in the country.