Russia becomes a space educator
America’s Neil Armstrong being the first man on moon notwithstanding, what has not got much publicity – albeit aided by the Russian style of shrouding everything in secrecy – has been Russian endeavours and achievements in space. These, incidentally, much before Neil Armstrong and Edwin Aldrin even put their feet on the moon. Typical to the western style of functioning, the disintegration of the Soviet Union brought a seat of the pants sense of jubilation among the Americans who assumed that this would draw curtains on Russian competition against NASA. However, soaring oil and minerals prices in the international market was all that Russia needed to resurrect itself; and once again to pose a challenge to its bete-noire, the NASA.
Russia’s exports of gas and minerals has not only rejuvenated a dying economy to be a trillion dollar GDP giant now, but has also given enough impetus to fund their federal space programs with a handsome 305 billion rubles. The trend has been continuing throughout this decade with the space budget doubling by 2009. And changing times however have taught Russia the art of marketing and minting money out of its space exercises.
America’s Neil Armstrong being the first man on moon notwithstanding, what has not got much publicity – albeit aided by the Russian style of shrouding everything in secrecy – has been Russian endeavours and achievements in space. These, incidentally, much before Neil Armstrong and Edwin Aldrin even put their feet on the moon. Typical to the western style of functioning, the disintegration of the Soviet Union brought a seat of the pants sense of jubilation among the Americans who assumed that this would draw curtains on Russian competition against NASA. However, soaring oil and minerals prices in the international market was all that Russia needed to resurrect itself; and once again to pose a challenge to its bete-noire, the NASA.
Russia’s exports of gas and minerals has not only rejuvenated a dying economy to be a trillion dollar GDP giant now, but has also given enough impetus to fund their federal space programs with a handsome 305 billion rubles. The trend has been continuing throughout this decade with the space budget doubling by 2009. And changing times however have taught Russia the art of marketing and minting money out of its space exercises.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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