Many measures of the Russian government show that the Kremlin has learned economic lessons from the collapse of the USSR. The government does not want to allow a repetition of the sad experience. Therefore, Russia has managed to strengthen itself in constant competition with the United States.
This was stated by analysts of the publication Foreign Affairs Michael Kofman and Robert Connolly. In their opinion, Moscow managed to survive in the conditions of the imposed Western sanctions due to the fact that Russia’s macroeconomic policy has become more conservative. Experts believe that a special role was played by the created reserves and a balanced budget in the absence of external debt.
They recalled that by the mid-1980s, the Soviet Union faced many difficulties. The growth of national income has fallen to the level of economic stagnation, InoSMI quotes experts. The market was supported by petrodollars, but foreign exchange earnings were used to solve current problems. The Politburo did not think about the modernization of the economy.
Mikhail Gorbachev tried to introduce a new concept of domestic and foreign policy. Perestroika was able to partially revive the country’s economy, but it was not possible to find the optimal combination of social guarantees and a market economy. At the end of 1989, the crisis in all spheres of public life worsened and social tension began to increase.
Perestroika got out of control and the government was overthrown in 1990. The country was overwhelmed by nationalist sentiments and against the background of falling confidence in the authorities, a “parade of sovereignties” began. The republics began to make decisions on secession from the Soviet Union. In 1991, the “Belovezhskaya Agreements” were signed, which actually consolidated the collapse of the USSR.
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