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Economic Restructuring in the USSR and International Economic Relations

Abel G. Aganbegyan
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Abel G. Aganbegyan: Academy of National Economy, The Ussr Council of Ministers

Chapter 3 in Issues in Contemporary Economics, 1991, pp 39-49 from Palgrave Macmillan

Abstract: Abstract The protracted domination of the administrative-command type system of management in the USSR has had a profound influence on our economy. Industrial investments and military expenditure had priority in the structure of GNP while finance for social welfare and the development of society was based on the so-called remainder principle. Perestroika inherited a state budget deficit; a great surplus of money in the hands of consumers which was not matched by the corresponding quantity of consumer goods, and there was thus a shortage in the market; a vast dissatisfaction of the population with housing conditions, and a disastrous situation in the provision of health care services and in the duration of education and in pensions.

Keywords: Foreign Trade; Joint Venturis; Consumer Good; Foreign Firm; European Economic Community (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11573-0_3

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DOI: 10.1007/978-1-349-11573-0_3

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