Political background of russia

Political background of russiaPOLITICAL BACKGROUNDRUSSIA FORM OF GOVERNMENT slip of G everywherenment Federal RepublicThe 1993 Constitution decl atomic number 18s Russia a democratic federative state based on the break virtuosoself of the law and a republication from of government. Source PricewaterhouseCooper (2009) Doing production line and investing in the Russian Federation. Russia. http//www.pwc.com/ru/en/doing-business-in-russia/index.jhtml 24.3.2010GOVERNMENT STRUCTURE AND HOW IT OPERATESThe 1993 Constitution declare Russia a democratic federative state based on the overlook of law and a republican form of government. State cater in Russia is divided among the executive, legislative and judicial branches. The President of the Russia is considered to be the head of the state where he is creditworthy for approving the major decision which are taken by the Prime Minister. The Prime Minister of the Russia is considered to be the head of the state where he is responsible for approving the major decision which are taken by the Prime Minister. The Government which comprises prime minister, deputy sheriff minister and minister of Russia is responsible for exercising the executive power. The government along with the federal assembly of the Russia is vested with the legislative power. The Legislature consist of bicameral Federal Assembly State duma is the lower house or sevens which can draft legislation and amend the constitution and file an impeachment against president but cannot put in force directly. Federation Counsil is the upper house and has the power to approve or reject laws adopted by the state Duma. Source PricewaterhouseCooper (2009) Doing business and investing in the Russian Federation. Russia. http//www.pwc.com/ru/en/doing-business-in-russia/index.jhtml 24.3.2010INTERNATIONAL coincidence WITH OTHER COUNTRIESParticipation in various international organizationsRussia has steadily moved from initial pro-western policy towards one that comb ined elements of co-operation with West (especially on economic issues) and attempts to reassert Russias status as a great power with distinct interest. Russia is a part of the European Union and it accounts to be its main economic partner at the same time it accounts for more than half of its external trade, the bulk of its energy exports and most foreign coronation inflows. Russia has its presence with the Asian powers such as China and India. China is still likely to overtake Germany as Russia main trading partner in the next few years. At the same time china could become an important export market of Russian energy, although Russia remains wary of china rise as an economic power. http//web.ebscohost.com.ezproxy-m.deakin.edu.au/ehost/pdf?vid=4hid=8emailprotectedCORRUPTION BRIBES According to the Russian Economic Report 2008, there has been seen an 8% growth in the economy of Russia and due to which it has witnesse economic growth over the past years. Source World Bank 2008, Ru ssian economic report online, easy from http//siteresources.worldbank.org/INTRUSSIANFEDERATION/Resources/rer17_eng.pdf Accessed 31.3.2010. The lack of trust in institution and corruption has affected the authority of the investor in spite of a massive economic stimulus package pass byn by the Russian government. According to the Institute for Public Project (INOP) along with Institute for Comparative Social Research (CESSI) in their price list of bribes has cite large companies as a major barrier in doing the business in Russia. Source Business anti-corruption portal 2009, Russia acres Profile online, Denmark, Available from http//www.business-anti-corruption.eu/index.php?id=9085 Accessed 25.3.2010.According to the Global fighting Report 2009-2010, the business executives which were surveyed the corruption was the key factor in identified as the most problematic factor in doing business in Russia.According to a CDI 2008 report on this price-list, the private players will wee to pay USD 1-5 in order to get licence and one third of the order price to elevate a government contract.The Economist reported in late 2008, reported that USD 10,000 to USD 130,000 was the increased coat of the average bribe businessAccording to the Public Opinion Foundation survey, in 2008 around 56% of the business people polled pay bribes.A 2008 survey conducted by the Public Opinion Foundation reveals that 56% of the businesspeople polled pay bribes. Due to more corruption and weak rule of law foreign companies find trade and investment as unattractive in Russia.According to the World Bank IFC Enterprise Surveys 2009, over 29.4% of the unofficial payment are done by companies to get their work done.According to the INDEM reports and Bribe Payers business leader 2008, 80% of all Russian companies pay bribes and mostly when doing business abroad. Companies that plans to invest or when operate in Russia must strengthen integrity system and to conduct extensive du diligence.So urce Business anti-corruption portal 2009, Russia Country Profile online, Denmark, Available from http//www.business-anti-corruption.eu/index.php?id=9085 Accessed 25.3.2010.Russian Federation 2009 CorruptionRussian FederationRegion All Countries% of sure expected to informal payment 29.4417.4227.11% of firm expected to give gifts for operating licence22.1812.8816.23% of firms expected to give gift to get government contracts46.3225.9528.11% of firms identifying corruption as a major constraint50.0033.5336.62Corruption 2006 online, Available from http//www.enterprisesurveys.org/ExploreEconomies /?economyid=159year=2009 Accessed 28.4.2010.