Why couldn't Russia grow its economy as fast as China did?

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The Politicus
Aug 06, 2018 04:44 PM 0 Answers
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graph of GDP for China, Japan, Russia, and Korea

Russia has a population comparable to Japan. But, the size of its GDP is below South Korea.

Why couldn't Russia grow its economy as fast as China did?

What factors prevented Russia from becoming an economic giant?

Note: I am interested in 1992 and onward.

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  • August 6, 2018