Central Asia in general suffers from a lack of infrastructure networks compared to the rest of the former Soviet Union, a problem that has its roots in the collective planning of The Effects of the 2008 Economic Crisis on Tajik Migrant Labor in Moscow 9 the communist economic system. [...] The Effects of the 2008 Economic Crisis on Tajik Migrant Labor in Moscow 15 Russia and the 2008 global economic crisis The 2008 economic crisis was the worst to hit Russia since the fall of the Soviet Union. [...] LEvEL OF FAMILY SAvINGS OF TAJIK MIGRANT WORKERS, SPRING 2009 The Effects of the 2008 Economic Crisis on Tajik Migrant Labor in Moscow 23 Those who arrived in Russia at the beginning of the seasonal work period following the crisis proved to be incredibly flexible as they adapted themselves to the new market conditions within the country. [...] From January to September of that year, the volume of exports declined by 43 percent,76 and the profits gained from these exports fell 60 to 70 percent compared with the previous year.77 Also in the beginning of 2009, the somoni, the national currency of Tajikistan, experienced a devaluation of 25 percent compared to the dollar. [...] The National Bank of Tajikistan admitted that remittances received in Gorno-Badakhshan, one of the country’s poorest regions, fell by 50 percent in the last quarter of 2008.80 On a national level, remittances fell 30 percent by mid-2009, which the World Bank predicted would lead to a 5 percent rise in the already-large 60 percent of the nation living in poverty.81 In response to the country’s seve.
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