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Development

Russia during transition

DevelopmentBecause of increased globalisation in recent decades, many less-developed countries have become more integrated into world markets. This integration has brought a higher risk of exposure to economic fluctuations and, in some cases, dramatic economic crises. The economies of the former Soviet bloc have been especially volatile since the transition to market-based economies which began in the early 1990s. This research programme examines the impact of this economic transition on the well-being of the Russian population along a number of dimensions, and the coping strategies used by individuals and households to manage economic uncertainty.