>>610212
http://www.ehs.org.uk/dotAsset/62d8a367-8beb-4dd0-b21f-d98b425c6ef3.pdf
>Between 1861 and the Revolution of 1905, rural Russia experienced significant
social and economic change. Emancipation of the serfs began a sequence of reforms
designed to improve the civil rights of the rural population.
>The land reforms that
accompanied emancipation transferred property rights from the gentry and the state to the
peasantry.
>The expansion of the railway network and growing integration with global
markets led to increased regional specialization as grain exports boomed in the south and
substantial industrial growth took place in the north-central provinces
>In the late XIX — early XX century the Russian government took a number of
measures to strengthen the role of Russia in the world economy, namely: stimulation of
economic growth through industrial development, improvement of public finances,
stabilization of the ruble by the introduction of the gold standard, protectionism, and
expansion of transport infrastructure.
> This study assesses the impact of the above
mentioned measures on the formation of investment climate in Russia in 1885–1913.
The years 1885–1913 are considered as an integral period from the point of view of the
conducted economic policy, and, consequently, its impact on the investment climate. |
>It should be noted that success in the development of Russia in the late XIX — early XX
century is traditionally associated with the policies of Sergei Witte
>There was a rapid growth of cities and urban population, however urban population grew
slower than total population. The rising demand for labour in Russian cities is
unquestionable.
>W. Rostow believed that at the end of XIX — early XX century Russia has entered
a stage of take-off with self-sustained growth4. According to P.
>Gregory during 1885-1913
the growth rate accounted for 3.25% per year, and per capita — 1.75% per year5. In
comparison with the developed countries of the time
>Russia was one of the fastest growing
economies.