Russian economy overview
Russian economy was 8th according to International Monetary Fund by nominal volume of Gross Domestic Product in 2008. The total share in world GDP was about 3,3%. The basis of Russian economy is Soviet times initial capital bought by private owners in the period of post Soviet Russia by the mechanism of privatization.
Russian economy features
Russian economy is unique because from the one side it is still the reduced variant of USSR economy from the other it is the successor of planned economy with additional features appeared later during the market economy times.
Russian economy is based on exporting of natural resources like oil, natural gas, metals and timber. Also Russia has rich experience in such industries as space traveling, nuclear power generation, military technologies.
Thereby integration of Russian economy together with the economies of Brazil, China and India into global economy and market is one of the most important questions of present day and near future.