Question

Explain what are the specific advantages of Russia as a dominant economic power in the future.

Explain what are the specific advantages of Russia as a dominant economic power in the future.

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Answer #1

Answer:
The specific advantages of Russia as a dominant economic power in future are as follows:

  • Huge Territorial Advantage : Russia has the biggest territorial land all over the world compare to the other countries. All of its parts are not densely populated, once Russia becomes dominant economic power it can utilize its vast land to further boost ist economy.
  • Abundance of oil and Natural Resources : Russia has an abundant reserves of oil and natural gas, which is the currency of energy in current world. With the hold of so much of natural resources and oil Russia can mainatin the price and mainatin the stability all over the world.
  • Advancement in the field of Defence equipments : Russia is way to ahead compare to others in terms of defence, arms and ammunitions that it has. It is the biggest exporter of arm and ammunition all over the world. It will help Russia in maintaing peace and stability all over the world and boosting its economy as well. Being one of the most powerful country in the world, it can mediate bilateral as well as multilateral conflicts very easily.
  • Involvement in Geo Politics : Ruassia has good relations with Multiple Countries and actively participate in geo political stability discussion, which is one of the biggest trait of economic power.
  • Foreign Resves: Because of exporting arm and ammunitions and natural oil and gases Russian foreign reseve will have surplus of money making it richer and economy to be more stable and growth oreinted.

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