1. Economic geography of EUROPE
Sswg6

2. The European Union & the economy
One currency + open borders = easy travel and TRADE between countries

3. Illegal economy in europe
Illegal drug trafficking, human trafficking, employment of undocumented laborers, buying or selling counterfeit products, illegal animal trade
Illegal economy does impact overall economy

4. Resources & the economy
Coal & Iron-Ore = industrialized economy
Mild climates = high tourism = profitable industry
Mediterranean = historically fishing & agriculture
Manufacturing biggest industry = textiles, automobiles

6. Economic Geography of Russia
SSWG6

7. Economies of Russia
Major changes in region’s economy have greatly impacted the regions development
Resource allocation is huge part of economic structure
Vast size and harsh climate influence economy
Trans-Siberian Railroad connecting interior of country for trade

8. Development of Russia’s Economy
Russia modernized slower than rest of Europe = less developed economy
Russia did not industrialize until 1900s
Russian Revolution = Communist leaders control all economic decisions

9. Capitalism & Communism
Communists followed philosophies of Karl Marx
Capitalism doomed because it concentrated wealth in the hands of a few & left everyone else in poverty
Believed communism would replace capitalism
Political & economic system in which the major productive resources in a society are government owned, and divided equally among citizens

11. Command Economy of Russia
Soviet leaders adopted a command economy to move their society towards communism
Central government makes all important economic decisions
Wanted country to be self-sufficient, not depend on foreign trade
Gov’t focused on production of defense & heavy industry, not consumer goods = shortage of basic needs
Rapid industrialization = goal
Collective farms – large labor farms that turned agriculture into an industry under Stalin

12. Negative Effects & Today’s Consequences
Many died of famine
Only small portion of people benefitted
Government is trying to reduce state monopoly on economic power
Return some control to private individuals & businesses

14. Economic Sectors of Russia
Transcaucasia
Tourism, agriculture & industry
Tea, Fruits, Grapes (Wine) = Georgia
Large-scale oil production in Caspian Sea
Conflict over which of the 5 border countries gets resources
Few benefit, many live in poverty
EXTREMELY well educated
High literacy rates
Soviet gov’t encouraged education programs

15. Economic Reforms
Attempting to switch to capitalist society to match rest of world
This takes time, money, resources = does not happen over night
USSR collapse - removal of price controls & increase of privatization
Selling of government owned businesses to individuals
Vast size of Russia = difficult to reform = many regions leaders/policies = distance decay