Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
  • Russia’s economy, boosted by military activity, is now classified as high-income by the World Bank.
  • Russia’s GDP grew 3.6% in 2023, with trade and financial sectors rebounding.
  • The World Bank also upgraded Bulgaria and Palau, while the West Bank and Gaza were downgraded.
  • barsoap@lemm.eeEnglish
    152·
    2 months ago

    Soviet-trained planners, actually. The problem was always the system they had to work in and not their understanding or training. Imagine what they could do if they were allowed to a) not waste endless time on pointlessly micromanaging paper clip production and b) had an actual and proper mandate to get rid of corruption and clientelism. Which is ultimately what broke the USSR’s neck, not the micromanaging that was just a ball and chain.

      • barsoap@lemm.eeEnglish
        2·
        2 months ago

        Oh I’m not advocating a planned economy though Russia’s overall problems with corruption run deeper than any system.

        What I’m saying is that if you’d put those planners in charge of France’s dirigisme France would probably make a modest leap ahead.