How Economic Issues Influence Regime Stability In China and Russia

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How Economic Issues Influence Regime Stability in China and Russia

Introduction

There exist observable differences in the economic performance of both Russia and China in the present day . This could be traced from the different political ideologies that are used to govern both countries today which are products of lessons leant in the early days or the norm that have been dominating the political arena in either country

This essay evaluates the interrelation between the political and economic policies adopted by both

China and Russia in the past in presently laying emphasis of the periods of post Mao in China and Post Soviet in Russia

Analysis

In China , the government sought to learn from the poor nature of economic performance that characterized the Soviet Union which Russia was part of . Under the leadership of Mikhail Gorbachev in the 1980 's Russia made poor decisions regarding the management of the economic conditions in the country (Pei 46

Economic Ideologies

Among the most outstanding similarities in the economic environments of both China and Russia is the fact that there is significant government control . In China , the government holds the right to dictating the prices of land and capital (Pei 47 . This therefore gives the government an upper hand in influencing the ownership of the important commodity On the other hand , in the regime of Medvedev , the current president of Russia , there is massive control of the government in the prices of oil (Stoner-Weiss 317 . These policies have...