Oscar W. Rasson/Flickr, CC BYOver the past three decades, real estate has gained a new significance on the world stage. Many states have relaxed laws to open up national property markets to international buyers. This has not only intensified international business activities, but also offered states a new way of pursuing their global political ambitions. In particular, Russia – perhaps better known for its use of “hard” tactics such as military interventions – has proven to be an adroit user of this “soft” power tool.
In Russia, real estate emerged as a marketable good in the early 1990s, when large-scale privatisation …read more
Source: The Conversation