Part 13/16:
Given the multifaceted layers of Dutch disease afflicting Russia, the prognosis is bleak unless drastic measures are taken. The core issue is the structural reliance on resource extraction and military spending—areas that are fundamentally volatile and depend heavily on external factors like global energy prices and geopolitical stability.
The core lessons are:
- War is inherently destructive—both morally and economically. Russia’s ongoing conflict exacerbates its structural vulnerabilities, and the longer it persists, the worse the prognosis.