Notes7 - ECON 4337 Comparative Economic Systems USSR The...

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ECON 4337 Comparative Economic Systems USSR
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The Former Soviet Union
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The Former Soviet Union: Command Economy “Russian Empire” until 1917 “Soviet Russia” until 1922 “Former Soviet Union” or “Union of Soviet Socialist Republics (USSR)” until 1991 “Russian Federation” The Former Soviet Union December 1922- December 1991
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The Former Soviet Union: Command Economy The Historical Background: Economy of the Russian Empire Duality between traditional agricultural and military-driven industrial development Communal agrarian practices: “Mir” 1861 The Peasant Emancipation Act Serfdom abolished
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The Former Soviet Union: Command Economy The Historical Background: Economy of the Russian Empire Industry: In 1600s, Tsar Peter the Great Initial foundation of heavy industry and modernization Forced and paternalistic in nature Tsar: Father figure, Russia: Motherland Traditionalist view: Industry is alien to Russian culture
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The Former Soviet Union: Command Economy The Historical Background: Socialist economy not started until the First Five-Year Plan in 1928 by Joseph Stalin First came War communism under Lenin (1917-1921) Limited coordination Limited monetary exchange, full rationing Complete disaster
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The Former Soviet Union: Command Economy The Historical Background: Lenin’s New Economic Policy (NEP) (1921-1928) “We are not enough civilized for socialism” (Lenin) Temporary retreat from socialism Taxes on liberalized trade within the country Limited restoration of markets Partial reprivatization Seen as a threat to the goals of proletarian revolution and reversed
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The Former Soviet Union: Command Economy The Command Economy: Subsystems existed: Self-sufficient communes with barter exchange Individual small-scale proprietorships Medium-sized businesses producing for the market State-owned large scale enterprises
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The Former Soviet Union: Command Economy The Command Economy: Joseph Stalin favored “socialism in one country” Closed the economy Made the currency inconvertible Accelerated industrialization favored producer and military goods at the expense of agriculture Debate between “geneticists” and “teleologists” on industrialization “Superindustrialization”
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The Former Soviet Union: Command Economy The Command Economy: Joseph Stalin Period Prioritized industry over agriculture Agricultural collectivization: collective ownership by peasants Discouraged individual production Eliminated rich peasants, “Kulaks”
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The Former Soviet Union: Command Economy The Command Economy: Joseph Stalin Period The First Five-Year Plan Gosplan (The Central Planning Board) Commanding in nature Aggregated adjustable annual plans Planners or Resource Managers??
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The Command Economy: Joseph Stalin Period Goal was to catch up with capitalist industrial countries Average growth rate was 21.6%! Though this number is highly distorted!
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This note was uploaded on 03/26/2011 for the course ECON 4337 taught by Professor Staff during the Spring '08 term at Minnesota.

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Notes7 - ECON 4337 Comparative Economic Systems USSR The...

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