031909 - 03/19/09 PLCP 341 Middle of 1980s o Soviet model...

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03/19/09 PLCP 341 Middle of 1980s o Soviet model of economic development had reached the limits of its usefulness Increasingly costly to squeeze further increments of growth out of the model Not a cyclical decline- this was an economic system that was still in the initial state of intensively driven industrial growth Other economies had been through many more stages of growth Focus had been on military growth Consumer sector was really bad o Soviet government didn’t even know everything that was going on in the country or with the economy Extreme monopoly of information o Number one producer of steel, oil, cast iron, tractors, etc. but there were many quality issues o Needed a radical change in the structure and plans for the economy if things were to get better o Soviet activism in the 3 rd world and deployment of missile systems had gained the Soviets a lot of enemies Essentially isolated and surrounded by a coalition of hostile, superior powers
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This note was uploaded on 04/29/2009 for the course PLCP 321 taught by Professor Lynch during the Spring '09 term at UVA.

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031909 - 03/19/09 PLCP 341 Middle of 1980s o Soviet model...

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