In Russia, the advent of the globalisation era coincided with drastic changes in its socio-economic structure, since the one that had existed in the Soviet Union was abruptly destroyed and the financial crash of August 17, 1998, was the inevitable outcome. Although from 1998 to 2006 real accrued wages and real disposable money income more than doubled, the growth was uneven. The strategy for the socio-economic development of Russia (2008–20) envisages a transition from growth based on the export of raw materials to innovative and socially oriented development. These moves and intentions are in the right direction, but it will be difficult to implement them in the present environment.
