The Collapse of the Second World

William Ryrie

Chapter 10 in First World, Third World, 1995, pp 179-194 from Palgrave Macmillan

Abstract: Abstract The Soviet decision not to join the Bretton Woods institutions at the end of World War II was one of several which drew the Second World economically into its own shell, separating it from the rest of humanity for forty-five years. When communism collapsed in eastern Europe and the Soviet Union in the years 1989–91, the rest of the world was surprised to discover how little it knew or understood about these hidden economies. It dawned on the west that, although the Soviet Union had been the first country in space and the second military power in the world, it was a relatively poor country.

Keywords: Market Economy; Mutual Fund; Share Ownership; Communist Country; Deputy Prime Minister (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24205-4_10

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DOI: 10.1007/978-1-349-24205-4_10

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