An Economic Explanation for Putin’s Recklessness
Harvard Business Review
AUGUST 15, 2014
Fair’s model has its critics , but it seems reasonable to posit that a decade of rapid income growth (peaking at almost 26% a year in 2006) left Putin with a big reservoir of good will among the Russian people. GDP growth of only 1.3% in 2013 even led to talk of a “growth crisis” for the Russian economy. GDP growth of only 1.3%
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