In attempting to join the world capitalist economy in 1991,Russia and Eastern European countries faced which challenge?

Question

Quizplus · Accepted Answer

In order to join the world capitalist economy, Russia and Eastern European countries had to attract foreign investment. This meant creating favorable conditions for foreign businesses to invest in their countries, such as offering tax incentives and reducing bureaucratic hurdles. Devaluing their currencies and creating instability in currency markets would have only hindered their efforts to attract foreign investment. Integration into the national maritime system is not directly related to joining the world capitalist economy.

In Attempting to Join the World Capitalist Economy in 1991,Russia