Book: The Big Enrichment

Introduction
"The Big Enrichment" by Dmitry Medvedev is a book that talks about the quick growth and advancement of Russia and its economy after the collapse of the USSR. Medvedev, who served as the president of Russia from 2008 to 2012 and as prime minister from 2012 to 2020, highlights both the accomplishments and difficulties faced during the years of change. He also shares insights into the mindset and strategies of the new Russian elite and their role in this development phenomenon. The author checks out the impact of the worldwide monetary crisis and the nation's resilience in the face of misfortune.

Completion of the Soviet Era
Medvedev begins his analysis by talking about the collapse of the Soviet Union and the serious economic crisis that followed. He explains the widespread social unrest, hyperinflation, food shortages, and a decrease in life span as Russia transitioned into a market economy. The federal government, under President Boris Yeltsin, carried out numerous procedures to support the economy and prompt the privatization of state-owned enterprises. Nevertheless, these measures resulted in the quick accumulation of wealth by a choose couple of, while most of the population continued to struggle and face financial hardships.

Russia's Economic Transformation
The author then proceeds to describe the increase of the Russian economy in the early 2000s, sustained by high oil rates and a period of political stability under President Vladimir Putin. This economic improvement resulted in significant improvements in the requirement of living for the typical Russian person, in addition to a decline in hardship and inequality levels. Medvedev credits this growth to a series of economic reforms carried out by the Russian government, which prioritized financial discipline and stability of the financial system, as well as efforts to incentivize domestic and foreign investment.

The Big Enrichment also looks into the function of Russia's natural deposits, especially oil and gas, which contributed in driving the country's economic development. Medvedev acknowledges the threats of overreliance on these resources, prompting for the diversity of the economy and the advancement of development and innovation sectors to guarantee sustainable growth in the future.

The Elite and Power Struggles
Medvedev examines the increase of the new Russian elite, who collected considerable financial and political power throughout the period of quick development. He explains the intricate dynamics in between this elite class, the government, and the population at big. The book highlights the inescapable tensions and power struggles that emerged as numerous interest groups vied for control and influence. The author offers an unique viewpoint on these characteristics, bring into play his experiences as both president and prime minister.

Global Financial Crisis and International Relations
The book likewise goes over the impact of the international financial crisis of 2008 on Russia and its economy. In spite of preliminary issues, the Russian government handled to stabilize the economy and secure it from the worst impacts of the crisis through prudent financial management and making use of stabilization funds amassed throughout the boom years. Medvedev argues that this experience demonstrated Russia's durability and flexibility in the face of worldwide economic uncertainty.

Finally, the author delves into Russia's worldwide relations and its role in the worldwide economic and political order. He goes over the country's efforts to engage with international organizations such as the G8, G20, and the World Trade Organization, while also highlighting recent tensions and conflicts with the West, consisting of conflicts over Ukraine and Syria.

Conclusion
"The Big Enrichment" by Dmitry Medvedev provides a thorough overview of Russia's economic and political transformation following the collapse of the Soviet Union. The book stresses the significance of accountable financial management, diversification, and the development of technology and innovation as crucial motorists of sustainable growth. Medvedev's expert viewpoint on the intricacies of the new Russian elite and the country's function in the international financial order provides valuable insights into the inner workings of among the world's most influential countries.