1201. When Realism and Liberalism Coincide: Russian Views of U.S. Alliances in Asia
- Author:
- Andrew C. Kuchins and Alexei V. Zagorsky
- Publication Date:
- 07-1999
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- Contemporary discussions of virtually any aspect of Russian foreign and security policy must take as their point of departure the extraordinarily weakened condition of the Russian Federation. There is no comparable case of such a rapid and dramatic decline in the status of a great power during peacetime in modern history. The Russian economy has been in a virtual free fall for most of the 1990s. The World Bank estimated the Russian GNP in 1997, using fixed exchange rates not adjusted for purchasing power parity, at $403.5 billion, making Russia the twelfth-largest economy in the world, just ahead of the Netherlands and just behind South Korea. Russian per capita GNP of $2,740 ranked fifty-first in the world and was in the category of “low middle” income countries. In 1997 the Russian GNP was about 5 percent of that of the United States, 8 percent adjusted for purchasing power parity. The figures for 1998 will be even starker given the devaluation of the ruble to approximately 30 percent of its 1997 value and continuing overall economic decline. A back-of-the-envelope calculation would have Russian GNP at the end of 1998 at no more than $120 billion and per capita GNP at less than $1,000.
- Topic:
- Security
- Political Geography:
- Russia, United States, Asia, South Korea, and Netherlands