What is ‘Kremlinomics’
A financial buzz word used to describe economic policies which some view to be overly leftist. Kremlinomics alludes to the communist policies of the Russian government during the Cold War and is by all accounts considered an unwanted connotation in industrialized nations.
Explaining ‘Kremlinomics’
The term kremlinomics gained popularity during the early months of the Obama administration in the United States. Obama’s detractors saw his policies as socialist or leftist, and used the term to voice their displeasure with the president and his administration.
Further Reading
- Russia: a petrostate in a time of worldwide economic recession and political turmoil – www.jstor.org [PDF]
- Brazil and Russia during the financial crisis: a tale of two commodity exporters – heinonline.org [PDF]
- Vladimir Vladimirovich Putin's United Russia: The How and Why of Russia's New Party of Power – rave.ohiolink.edu [PDF]
- Ameaça ou oportunidade?: desdobramentos da crise financeira global para as empresas transnacionais russas – repositorio.ipea.gov.br [PDF]
