Soviet Strategy for Economic Growth

Soviet Strategy for Economic Growth

Soviet Strategy for Economic Growth

Soviet Strategy for Economic Growth

Excerpt

An economic plan is both a final result and a beginning. It is the product of compromises among competing goals; the reflection of a basic strategy of how best to allocate resources in order to reach these goals; and the embodiment of certain principles of planning and methods of implementing them. It is, on the other hand, a program of action, combining directives with forecasts concerning investment, output, and employment, and intended to expand a country's productive capacity and to bring about a new pattern of interdependence between sectors of the economy.

The choice of a strategy of development and the determination of principles and methods of planning were heatedly debated in the Soviet Union on the eve of its era of forced industrialization and comprehensive planning, which began in 1929. During these debates the Soviets grappled with some of the disconcerting problems and crucial difficulties which today confront the policy makers of underdeveloped areas, who wish to industrialize their countries rapidly.

While the Russians had greatly modified their institutional . . .

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