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Enable Russia to help itself

Thomas Cool
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Thomas Cool: Independent Consultant (Consultancy & Econometrics)

Authors registered in the RePEc Author Service: Thomas Colignatus ()

General Economics and Teaching from University Library of Munich, Germany

Abstract: World 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.

JEL-codes: A (search for similar items in EconPapers)
Pages: 3 pages
Date: 1996-04-19
New Economics Papers: this item is included in nep-ifn and nep-pke
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