During the early nineteenth century, Russias race, preferences, international diplomacy, and military forces made it hotshot of the most powerful states in the world. It had vast immanent resource endowments needed for advance(a) industrialization, such as coal, iron, petroleum, timber, water-power, and several complete agricultural lands. Its large and rapidly growing population that more than tripled during the nineteenth century from 35.5 one thousand million in 1800 to 132.9 million in 1900 was in addition an advantage to provide both, market blowup and an expanding labour force. Further, being a late-starter in the move to its modern industrialization era, Russia was able to enjoy the benefit of utilizing the already vigorous developed and up-to-date industrial applied science and industrial makeup of Western industrial countries, and also borrowing the capital to pay the application of that technology at a time when that technology had been better perfected and its prices fallen substantially. Moreover, Russia took the opportunity of borrowing international capital and investing it into heavy industries.

However, despite of all these advantages and achievements, Russia did not become a study industrial power by the end of the nineteenth century, at least not on the same scale as Germ both, France, Britain, Belgium, the Netherlands or even Italy. This feature hints toward the existing barriers that were keeping Russias economic growth stagnant, and also provokes the question of the governments role in eliminating any possible barriers. Even though Russia was rich in natural resource endowments, they were widely scattered because of Russias geography which was dust in vast distances, and was also far distant from major towns and settlements, with virtually no transport facilities to link them up. Such worthless transportation facilities in terms of roads, rivers and canals, were a major agentive role in delaying the economic developments and industrialization in Russia at that time.... If you require to get a full essay, order it on our website:
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