Originally Posted by
Backspin
If you read the article by Putin in 1999 you'd know that Russia had to stop with the radical reforms and radical ideas.
Between 2000 and 2008, the GDP grew by 83%, productivity grew by 70%, and expenses for accumulating fixed capital doubled in real terms. Whereas in 1999, per capita GDP by purchasing power parity (PPP) was $9,300 (only 25% above the global average), by 2008, this indicator had increased to $21,600 (78% above the global average). Russia's share in the world economy grew fourfold over the same period, from 0.6% to 2.7%. The welfare of the population increased considerably: real wages increased by 3.4 times, and real pensions increased by 2.8 times.