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Poverty of numbers.
- Source :
-
Economist . 7/10/1993, Vol. 328 Issue 7819, p40-40. 3/4p. 1 Graph. - Publication Year :
- 1993
-
Abstract
- The article assesses the current economic status of the Russian people. At the start of April 1993 the average wage was 23,559 roubles. For a start, converting average wages into dollars at the market exchange-rate makes Russians look artificially poor by international standards. Calculations of purchasing-power parity suggest that the market hugely under-values the rouble. Second, most basic goods and services-housing, heat, electricity, water, public transport-are so cheap in Russia as to be almost free. In general there are few signs that many Russians are any worse nourished than they have always been.
- Subjects :
- *WAGES
*RUSSIANS
*INCOME
*POOR people
ECONOMIC conditions in Russia, 1991-
Subjects
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 328
- Issue :
- 7819
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 9307130104