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Russia Is A Leading BRIC Nation - Mike Swanson (08/19/09)

Submitted by Mike Swanson on Wed, 2009-08-19 07:40.

The current economic situation that faces the world is one of the worst in history. Some people think that this could even be on a bigger scale than the Great Depression to the harm of stock market beginners. While this is not clear at present, this doesn't really matter when you consider the reality of people struggling to put food on their table. Despite these conditions, there is one country that has surprised many and that is that the Russia economy is growing.

The year of 1989 marked the fall of the Berlin Wall and for many this was the first peak that they got inside of Russia. Up to then they were largely unaware of the country's history and culture and it seemed as if a whole new market had opened up.

The entrance of Russia into the global economy as a Bric nation was quite dramatic and this was done in accordance with advice received from western economists. They did not agree with the gradual approach adopted by China and as it turned out, this was not a good option for Russia. Consequently, the country has had to struggle to get onto its feet.

But this is not the case any more with Russia as the country is one of the few that seems to actually be experiencing growth in the middle of this economic maelstrom. This is indeed incredible and speaks to the fact that the government is working to ensure that there is greater economic diversification.

It is always best to ensure that you do not rely only on one economic activity and this is the main reason for the government's actions.

To ensure that the Russian economy is growing, the government will have to continue with this policy. It could take the country to new heights.

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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

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