Crisis-2008: Time to Set a Diagnosis

Abstract

The financial crisis emerging nowadays demonstrates the real level of financial globalization. It would be strange if the Russian economy remained "safe haven" in the current environment. But could one blame the United States saying that the Russian crisis is induced only or it has own origins? It seems that the American crisis has been just a trigger while the Russian economy has its inner diseases. That’s why one cannot hope to maintain the existing model of economic growth while any attempts in this direction will aggravate the situation even more.