Introduction

Stanislaw Gomulka, Yong-Chool Ha and Cae-One Kim
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Stanislaw Gomulka: London School of Economics
Yong-Chool Ha: Seoul National University
Cae-One Kim: Seoul National University

A chapter in Economic Reforms in the Socialist World, 1989, pp 1-8 from Palgrave Macmillan

Abstract: Abstract Seven decades have passed since a Soviet-type socialist system appeared on the horizon of the earth. The underlying idea of its founders was to avoid the shortcomings of capitalism, such as unequal distribution, exploitation, and economic egoism, by abolishing private ownership. To this end socialist ownership was married with central planning and management. Initially, the expectations of the founders of the system appeared to be fulfilled as the Soviet economy demonstrated the ability to grow rapidly with massive mobilisation of human and material resources. This strategy of extensive growth was also pursued with considerable success by other East European socialist countries.

Keywords: Economic Reform; Private Ownership; Socialist Country; Political Reform; Reform Measure (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10668-4_1

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DOI: 10.1007/978-1-349-10668-4_1

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