Difference between revisions of "If there was no oil tomorrow, how could Russia compete?"
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(New page: It is very hard for Russia to compete with other countries since it is the second largest oil reserve and largest natural gas reserve countries. The only tool or business may be in the cat...) |
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It | It would be extremely hard for Russia to compete. As the largest oil and gas producer in the world, oil makes up a massive part of Russia's economy. Although Russia has significant technological and industrial capabilities in other sectors (e.g. mining, forestry, agriculture, military equipment, aeropspace) it cannot be said that its economy is well-diversified or that it is very competitive. | ||
Latest revision as of 19:04, 28 September 2009
It would be extremely hard for Russia to compete. As the largest oil and gas producer in the world, oil makes up a massive part of Russia's economy. Although Russia has significant technological and industrial capabilities in other sectors (e.g. mining, forestry, agriculture, military equipment, aeropspace) it cannot be said that its economy is well-diversified or that it is very competitive.