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What about everyday things like bedsheets, mattresses, underwear and other basic clothing, toothpaste, towels, light bulbs, cooktops and stoves, refrigerators, washers & dryers, computers, cars?
Are all those types of items imported, or is there domestic manufacturing for the basics?
Are there any consumer goods manufacturing companies well known within Russia?
Russia's economy is still very one-sided, IIRC 55% of the exports are unrefined natural resources. Russia is so heavily dependent on these that when the oil and gas prices fall, the economy takes an unproportionally heavy toll.
Russia should've focused in the early 2000's on modernising and broaden its export pallette, but Putin only reinforced the cleptocracy.
Exactly! Medvedev had the right idea; he wanted to develop light industry. But just after he was elected, there was another crash of oil prices, or something, so he had nothing to work with. Russia could be exporting some consumer goods around the world if they could get their quality-control up to par, but they don't seem to think they have anything anyone else would want, which is sad. They get in their own way.
What about everyday things like bedsheets, mattresses, underwear and other basic clothing, toothpaste, towels, light bulbs, cooktops and stoves, refrigerators, washers & dryers, computers, cars?
Are all those types of items imported, or is there domestic manufacturing for the basics?
Are there any consumer goods manufacturing companies well known within Russia?
Cars? You didn't know Russia has always made their own cars? There was a time when you could buy a Russian Lada in major Canadian cities. They were popular, because they were so cheap. Heaven knows what owners did when they needed replacement parts.
Of course they make their own kitchen appliances, etc. Did you think the economy could have survived all these years, since the Revolution, say, if they had to import all basic household goods?
Re: ....'There was a time when you could buy a Russian Lada in major Canadian cities. They were popular, because they were so cheap. Heaven knows what owners did when they needed replacement parts'
I had a little experience driving the Lada. I thought it ok. Thing was if it was very cold the interior took awhile to heat up. But perhaps that was going on with the model over there in Europe that was exported.
Another item I think that would be important is whether they have the wherewithal to manufacture technically very good products for the consumer markets. I 'd say today's consumers are demanding. Thing is if they can do it all power to them. But it could be tough without great market research beforehand.
What about everyday things like bedsheets, mattresses, underwear and other basic clothing, toothpaste, towels, light bulbs, cooktops and stoves, refrigerators, washers & dryers, computers, cars?
Are all those types of items imported, or is there domestic manufacturing for the basics?
Are there any consumer goods manufacturing companies well known within Russia?
What about everyday things like bedsheets, mattresses, underwear and other basic clothing, toothpaste, towels, light bulbs, cooktops and stoves, refrigerators, washers & dryers, computers, cars?
Are all those types of items imported, or is there domestic manufacturing for the basics?
Are there any consumer goods manufacturing companies well known within Russia?
Lots of things are made in Russia either by foreign companies or local ones. Additionally, many of these items may be made somewhere else by a foreign company, but made for the region like made for selling in Russia, Belarus, and Kazakhstan. Russia also has goods from neighboring countries like Ukraine, Belarus, Turkey, etc.
No doubt like all countries except for some reason there it is difficult to get as noted 'diversity'
in their economic output. Not sure if it's lack of will or laziness.
At the first place ( in the nienties) it was by design. Americans wanted to see Russia precisely where it was before the 1917 - i.e. basically the appendix for natural resources for Europe and "consumer's market" ( I presumed for Chinese goods, manufactured by American companies.
That's why basically all Russian industries have been shut down, except for oil/gas, precious metals, potash - things that had immediate buyers in the West, and could bring immediate revenues to the "New Russians."
Interestingly enough, is that later in time, when Russia was awash with $$$ in connection with high oil prices, Putin and Co made a conscience decision to NOT to diversify economy, to not to invest into it, but to invest in American papers and the "Sovereign fund" which again was kept in the US.
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If we look at China they have the moniker of being that 'copy-cat' country of things Western. Waiting for Russia to follow and take the lead on that in the 21st. From the looks of it the country has no choice.
This is not going to happen - the train is gone already.
What about everyday things like bedsheets, mattresses, underwear and other basic clothing, toothpaste, towels, light bulbs, cooktops and stoves, refrigerators, washers & dryers, computers, cars?
Are all those types of items imported, or is there domestic manufacturing for the basics?
Are there any consumer goods manufacturing companies well known within Russia?
I checked on each and every category you've mentioned here - Russians indeed have their own manufacturers of those goods, however it looks like ( at least in case of the washing machines) foreign companies have a bigger market share than the domestic ones.
At that, we have to keep in mind that foreign manufacturers moved their production lines to Russia and use a lot of local components.
<p>How deep are Russia&#039;s troubles?</p> <p>Putin&#039;s using Western sanctions and the low oil price to fuel nationalism at home, says William Browder, CEO of Hermitage Capital.</p>
Stuck in a recession and with no sign of a reprieve in the oil price, Russia could quickly descend into chaos if the money runs out, William Browder, a well-known critic of the Kremlin and chief executive of Hermitage Capital, told CNBC.
Last edited by Rozenn; 01-31-2016 at 08:04 AM..
Reason: Copyright
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