The Economic Development of the Soviet Union Since 1917
Smith, Linden Carl
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During his undergraduate years, the student of economics usually obtains an adequate general knowledge of the operation and evolution of the United States' economy. This knowledge can, with little difficulty be transferred to most of the Western oriented countries of the world. A lesser number of economics' students study underdeveloped countries to learn their problems and join the search for feasible solutions. While the study, in detail, of these economies is prerequisite to an acceptable knowledge of the field of economics, so much emphasis should not be placed on Western and underdeveloped economies so as to totally exclude the economies of the communist countries. In today's world, communist and centrally planned economies have significant influence in many of the world's problems. Until the death of Stalin in 1953 these countries were in a relatively tight bloc which in an economic sense could be somewhat ignored by the Western world. Now, sixteen years later, much has changed. Communist foreign trade volume has increased considerably and most likely will continue to do so. Economic reforms in the Soviet bloc, such as those made in Yugoslavia in 1948, East Germany in 1953, Poland and Hungary in 1956 and Czechoslovakia in 1968 often threaten world peace and economic stability. The system has proved itself capable of existing and to some extent prospering. If for no other reason, its development should be studied to understand its attraction to the underdeveloped countries.If you are not a current K College student, faculty, or staff member, email email@example.com to request access to this SIP.