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The Impact Of Energy Resources On Social Development In Russia
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Journal Article
The Impact Of Energy Resources On Social Development In Russia
2014
Overview
Various countries are endowed with energy resources differently. It is supposed that the availability of energy resources is a sign of a nation's wealth. It is interesting to know how the production and export of energy resources impact on the social sphere of developing countries. There is an existing interest in investigating this problem because of the importance of the production and export of energy resources, for maintaining the standard of living of a population. This article analyzes the impact of the production and export of energy resource, namely of oil on the social sphere in Russia. The Russian fuel and energy sector accounts for about 30% of industrial output, for 32% of consolidated revenues, for 54% of the federal budget, for 54% of exports and for 45% of foreign exchange earnings in Russia. Social services are estimated by the following indicators: the index of Gini, the average wage in the country and the population's savings.
