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The changing world economy The changing world economy 1 Table of Contents Impacts (Negative Positive) Introduction Labor flows Conclusion References 04 02 06 01 03 05 Economy of Russia Lessons for Vietnam 2 Introduction 01 3 GROUP 6 Trần Hoàng Bảo Ngân – BABAWE20229 Cao Thanh Mai Anh – BABAWE20188 Trương Mộng Song Dân – BABAWE20044 Nguyễn Thảo Ngân – BAFNIU20355 Mai Hồng Vy – BABAWE19353 Lê Ngọc Mai Duyên – BAFNIU19170 Trần Hoàng Tú Khuê BAFNIU19212 Nguyễn Thị Diễm Quyên – BAFNIU19153 Trần T. The changing world economy 1 Table of Contents 0 Introduction Economy of Russia Labor flows Lessons for Vietnam Impacts (Negative & Positive) Conclusion & References 01 Introduct ion ● Trần Hoàng Bảo Ngân – BABAWE20229 ● Cao Thanh Mai Anh – BABAWE20188 ● Trương Mộng Song Dân – BABAWE20044 ● Nguyễn Thảo Ngân – BAFNIU20355 GROUP ● Mai Hồng Vy – BABAWE19353 ● Lê Ngọc Mai Duyên – BAFNIU19170 ● Trần Hoàng Tú Khuê - -BAFNIU19212 ● Nguyễn Thị Diễm Quyên – BAFNIU19153 ● Trần Thủy Tiên – BAFNIU19035 ● Lê Minh Nhật – BAFNIU20371 The U.S established an economy embargo on Russia On 15 April ,2021 , U.S imposed a broad array of sanctions on Russia The U.S government blacklisted Russian companies, expelled Russian diplomats RUSSIA Because Russia interfered in last year’s U.S election, cyber hacking, bullying Ukraine and other alleged malign actions Biden also banned US financial institutions from participating in the primary markets for Russian government bonds denominated in rubles from June 14 02 Econo my of Russia economy is country nd developed with raw rts 04 03 02 02 01 Economy of Russia Economic milestones have a significant impact on Russia ECONOMIC CRISIS 2008 The stock market crash Affects most areas of activities of countries Decline in oil and metal prices RUSSIAN FINANCIAL CRISIS 2014 After Russia's illegal annexation of Crimea, the EU imposed economic sanctions on Russia Russia lowers the price of crude oil, the growth indicators of GDP, exports, budget decline, underemployment Russia is one of the EU's major trading partners 30,000 workplaces of Germany depending on trade with the Russian Federation Farmers in Finland falling in income The world experienced a remarkable drop in oil suppressed the value of the RUB Major US corporations EU lost at least €100 billions declare that Russia is an important factor  Europe suffered heavy losses when sanctions on Russia were passed Exxon Mobil company loss about billion Russia is one of the largest oil USD producing countries in the world =>Affect the amount of oil of the company UK severely affected by financial Debt and share issuance of the sanctions Russian state bank are done through London 10 The positive recovery of Russia Natural resources Reveal the important position of Russia to Europe thanks to its competitive advantage Agricultur e New spearhead of Russian economy Alternative financial Russiamarkets knows that they could actually survive without the global financial service  Push Russia to develop self-reliance, find new partners and reduce dependence on the Western countries 13 04 Labor FLows Spatial division of labor 14 Total of labor force – Russian Federation Derived using data from International Labour Organization ILOSTAT database 15 71,903,5 92 Labor force in Russia (2020) laborers 16 Labor productivity PERFORMA NCE Labor productivity and growth are extremely important socioeconomic factors 17 Labor Productivity Dynamics in Different Countries (GDP (PPP based) per man, USD) Rating positi on Country 1995 2000 2005 2010 2011 2012 2013 2014 Luxembourg 46.9 58.2 65.4 83.7 93.6 93.2 93.6 95.9 The kingdom of Norway 33.3 48.9 66.5 77.7 82.6 86.9 86.4 88 The USA 33.3 40.8 51.9 61.9 63.3 64.8 66 67.4 The French Republic 32.4 40.2 48.3 58.1 60.2 60.7 61.5 62.7 Germany 32.5 37.7 48.7 56.7 59.4 60.6 61.4 62.3 21 The United Kingdom 27.4 34.5 43.2 46.9 47.9 48.4 48.9 50.5 40 The Russian Federation 6.9 7.8 12.5 21.2 23.1 24.4 25.6 25.9 41 The United Mexican States 10.1 12.3 14.9 17.4 18.9 19.1 19 19.5 Derived using data from OECD Statistics 18 The shadow economy Pay taxes Formal Economy Shadow Economy No taxes Government Revenue Significant setback for labor productivity calculations Serious problem for the national economic development and labor productivity 19 Labor productivity Russia's worker productivity remains at the level of industrialized countries 20 05 Lessons for Vietnam 21 Lessons for Vietnam 02 01 Do not touch politics to avoid being limited in economic policies Focus on domestic production to reduce reliance on other nations 22 06 Conclusion & References 23 Conclusion Russia's economy is constantly falling into crisis because of unreasonable policies Economic sanctions against Russia deal a severe blow to US interests and cause heavy losses to Europe Russia's worker productivity remains at the level of industrialized countries 24 References ● https://www.atlanticcouncil.org/in-depth-research-report s/report/the-impact-of-western-sanctions-on-russia/ ● https://en.wikipedia.org/wiki/International_sanctions_dur ing_the_Ukrainian_crisis ● https://www.wilsoncenter.org/blog-post/sanctions-agains t-russia-rethinking-wests-approach ● https://bitly.com.vn/hfl3fr ● https://bitly.com.vn/tmvuxj ● https://www.redalyc.org/journal/310/31057290027/html/ ● https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?l ocations=RU&name_desc=false 25 Thanks ! Do you have any questions? CREDITS: This presentation template was created by Slidesgo, including icon by Flaticon, and infographics & images from Freepik 26 ... ocations=RU&name_desc=false 25 Thanks ! Do you have any questions? CREDITS: This presentation template was created by Slidesgo, including icon by Flaticon, and infographics & images from Freepik
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