Russia's Paradox
Justin Rowlatt and his guests discuss why Russia's economy is faltering despite its vast mineral wealth. And Colm O'Regan reflects on old rivalries and his own need to be first.
Russia has incredible mineral wealth, vast supplies of oil and gas, and great fertile plains, yet in the last two weeks it has almost halved its long-term growth forecast. Justin Rowlatt challenges his guests to explain what's wrong with Russia. Why can't it live up to its potential? A recent report claimed that 35% of the country's riches are in the hands of 110 people, but is inequality the problem or a failure to ditch the habits of Communism? Or is it simply over-dependence on oil? And in the wake of the Russians sending the Olympic torch towards the final frontier for a historic spacewalk, Colm O'Regan reflects on old rivalries and his own need to come first.
Last on
More episodes
Previous
Broadcasts
- Sat 16 Nov 2013 00:32GMTΒι¶ΉΤΌΕΔ World Service Online
- Sat 16 Nov 2013 08:32GMTΒι¶ΉΤΌΕΔ World Service Online
- Sat 16 Nov 2013 18:32GMTΒι¶ΉΤΌΕΔ World Service Online
- Sun 17 Nov 2013 03:32GMTΒι¶ΉΤΌΕΔ World Service Online
In The Balance Podcast
Sign up to receive every programme automatically
Podcast
-
In the Balance
The biggest financial stories and why they matter to us all.