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The inside story of the political collpase of the Soviet Union is far better understood than the course of economic and social disintegration. In order to capture the story, the editors compiled a list of questions which they addressed to former top Soviet officials and economic and other policy advisors (both Soviet and foreign) who were privy not only to data on the functioning of the Soviet economy but also to the internal policy debate during the 1980s. This volume assembles the Informants' analyses of key issues and the turning points, and weaves them into a compelling history of systemic collapse. Among the topics investigated are: economic policies in the 1980s; the standard of living: the reliability of Soviet statistics; Gosplan's projections for the economy to the year 2000; was the arms race starving the civilian economy? the role of ideology in supporting the functioning of an economic system; the party's participating in economic management; the influence of foreign advisors; the struggle over a transition program; the functioning and collapse of the supply system, the CMEA, and the foreign trade system.
Why did the Soviet economic system fall apart? Did the economy simply overreach itself through military spending? Was it the centrally-planned character of Soviet socialism that was at fault? Or did a potentially viable mechanism come apart in Gorbachev's clumsy hands? Does its failure mean that true socialism is never economically viable? The economic dimension is at the very heart of the Russian story in the twentieth century. Economic issues were the cornerstone of soviet ideology and the soviet system, and economic issues brought the whole system crashing down in 1989-91. This book is a record of what happened, and it is also an analysis of the failure of Soviet economics as a concept.
Is there a link between the collapse of the Soviet Union, the radical reforms in China and Vietnam, and the current crisis in East Asia? David Lockwood argues that the common factor in each is the crisis of state-controlled economies, besieged by the developing forces of globalization. This book examines the collapse of the Soviet Union not as the 'end of history', or the beginning of a 'new world order', but as an illustration of processes that are taking place the world over. The author concludes that it was globalization that brought down the communist system. Globalization continues to threaten state-controlled economies - from the remaining 'socialist' state to the NICs of East Asia.
The Soviet system was one of the few distinct ways of organizing human affairs in all areas of human life. Its disintegration is enormously important both in its own right and because of its implications for the rest of the world. This text examines the era of collapse in detail.
Combining skilful economic, political and social analysis, this text provides a fascinating insight into the decline of the Soviet Union.
"My goal is to show the reader that the Soviet political and economic system was unstable by its very nature. It was just a question of when and how it would collapse...." —From the Introduction to Collapse of an Empire The Soviet Union was an empire in many senses of the word—a vast mix of far-flung regions and accidental citizens by way of conquest or annexation. Typical of such empires, it was built on shaky foundations. That instability made its demise inevitable, asserts Yegor Gaidar, former prime minister of Russia and architect of the "shock therapy" economic reforms of the 1990s. Yet a growing desire to return to the glory days of empire is pushing today's Russia backward into many of the same traps that made the Soviet Union untenable. In this important new book, Gaidar clearly illustrates why Russian nostalgia for empire is dangerous and ill-fated: "Dreams of returning to another era are illusory. Attempts to do so will lead to defeat." Gaidar uses world history, the Soviet experience, and economic analysis to demonstrate why swimming against this tide of history would be a huge mistake. The USSR sowed the seeds of its own economic destruction, and Gaidar worries that Russia is repeating some of those mistakes. Once again, for example, the nation is putting too many eggs into one basket, leaving the nation vulnerable to fluctuations in the energy market. The Soviets had used revenues from energy sales to prop up struggling sectors such as agriculture, which was so thoroughly ravaged by hyperindustrialization that the Soviet Union became a net importer of food. When oil prices dropped in the 1980s, that revenue stream diminished, and dependent sectors suffered heavily. Although strategies requiring austerity or sacrifice can be politically difficult, Russia needs to prepare for such downturns and restrain spending during prosperous times. Collapse of an Empire shows why it is imperative to fix the roof before it starts to rain, and why so
Seminar paper from the year 2002 in the subject History Europe - Other Countries - Newer History, European Unification, grade: 1 (A), University of Birmingham (Centre for Russian and East European Studies), course: Graduate Soviet Social and Economic History, 28 entries in the bibliography, language: English, abstract: The collapse of the Soviet Union has been one of the most controversially discussed issues among historians and social scientists throughout the last decade. Paradoxically the imminent collapse of communism had been predicted frequently by Western observers during the early years of the Bolshevik rule. With the victory of the Second World War those voices were muted and the West accomodated with the existence of an obviously stable, mighty and economically expanding country.1 The breakdown of communism in 1991 had been anticipated by few contemporary scholars, although the majority were aware of the symptoms of a deep crisis. In this essay I will argue that in order to better understand the collapse of communism in the Soviet Union, a central role must be given to the economy and its effects on other areas. Most symptoms of the crisis and the ultimate breakdown of the system can in fact be attributed to the impact of economic failure. Whereas, economic modernization was the motor of success in the early decades, the economy became the weakest link of the Soviet system in the later period as its structural shortcomings deeply effected other areas as well. The first part of this essay is intended to briefly outline the central role the economy played in the development of Soviet socialism. The second part analyses the far-reaching impact of the economic downturn, while the third part discusses the limits of reform before drawing a conclusion.2 1 M Cox, 'Critical Reflections on Soviet Studies', in: M Cox (ed.), Rethinking the Soviet Collapse, L: Pinter, 1998, p 27. 2 The author is aware that in the given scope of this essay only a minor and not necessar
This book sheds light on ​the Soviet economic system, which claimed the eventual abolition of money, collapsed following a monetary turmoil. It argues that the cause of the economic collapse was embedded in the design of the economic system. The Soviet economic system restricted the market, but continued to use fiat money. Consequently, it faced the question for which no feasible answer seemed to exist: how to manage fiat money without data and information generated by the market? Using Soviet data newly available from the archives, the book evaluates the performance of the components of monetary management mechanism, discovers the continuous accumulation of open and secret government debts, and quantitatively analyzes the relationship between economic growth and the money supply to support the argument. The book concludes that the Soviet economic collapse marked the end of the long history of Soviet monetary mismanagement.
The Disintegration of the Soviet Economic System (1992) examines in detail the collapse of the Soviet economic system, and is set in its political context, both international and domestic. The collapse is looked at from a macroeconomic point of view, both real and financial, as well as from a mesoeconomic viewpoint, with chapters on such important sectors such as agriculture and the railways. Because the USSR is such a large country it is also looked at in a regional perspective, with chapters on Central Asia and the allocation of investment between republics, and attention is also paid to the welfare of the population, their health and the development of their consumption, and the environment and technical progress.
Never before has there been an attempt to transform a massive state-owned economy into a dynamic free market system. The story of the conversion of the dinosaur Marxist Soviet state into the free-wheeling capitalist society of today's Russian Federation is one of the most compelling dramas in history. This tale includes violence, corruption, and a web of political conspiracy. It is a true-life economic-political thriller. Who are the new Russian financial magnates who are grabbing former state property? What were the terms for disposing of the state's immense wealth to private investors? What was the role of American financiers? These questions, and more, are answered here. In addition to what he saw with his own eyes (in the crucial period between 1992 and 1997), Kokh also paints vivid pictures of the influential decision-makers that he worked closely with, including Anatoly Chubais, the little known Kremlin kingpin who ran Boris Yeltsin's re-election campaign and served as both Deputy Prime Minister and Finance Minister. Kokh uses his expert knowledge of the Russian government to bring readers into the momentous meetings that changed the world, including his cogent analysis of events occurring in Russia at the present time.