Slides presentation

The
changing
world
economy
1


0
1

Table of Contents
0
0
2
3

Introduction

Economy of
Russia

0
4

0
5

Labor flows

Lessons for
Vietnam

Impacts
(Negative &
Positive)

0
6

Conclusion
& References
2


01

Introduct
ion
3


● Trần Hoàng Bảo Ngân – BABAWE20229
● Cao Thanh Mai Anh – BABAWE20188
● Trương Mộng Song Dân – BABAWE20044
● Nguyễn Thảo Ngân – BAFNIU20355

GROUP 6

● 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

4


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.

5


02

Econo
my of
Russia
6


economy is country.
nd
developed
with raw
rts.

04

03

02

02
01

Economy
of Russia
7


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.

8


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

9


Exxon Mobil
company loss
about 1 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


03
Impacts of embargo on Russia
& the Recovery of Russia
11


Negative impacts
Economy
Suffer economic recession in two years
=> Slow recovery without support and
intervention
Cannot raise capital
=> Heavy depreciation of
RUB

Lifestyle & culture

Limited to cultural
exchange and
international recruitment.
=>Difficult in
globalization.

Pressure of currency depreciation and antisanctions
=> High inflation
12




The positive recovery of Russia

0
1
Natural
resources
Reveal the important
position of Russia to
Europe thanks to its
competitive advantage

0
2
Agricultur

e
New spearhead
of Russian
economy

0
3
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

1

Luxembourg

46.9

58.2

65.4

83.7

93.6

93.2

93.6

95.9

2

The kingdom
of Norway

33.3

48.9

66.5

77.7

82.6

86.9

86.4

88

3

The USA

33.3

40.8

51.9

61.9

63.3

64.8

66

67.4

8

The French
Republic

32.4

40.2

48.3

58.1

60.2

60.7

61.5

62.7

9

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