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The crisis in the centrally planned economies

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Abstract

At the end of the 1970s and the beginning of the 1980s, there were increasing signs of crisis in the economies of the Eastern countries, resulting both from internal bottlenecks and difficulties and from the unexpectedly sharp repercussions of the world economic crisis. Economic expansion of the socialist bloc slowed considerably, to reach its lowest historical level, while a powerful inflationary trend was apparent in the classic “hidden” forms of lines, shortages, and forced savings and also in official price increases for products that had remained stable until then.

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Notes

  1. See Marie Lavigne, “les origines economiques de l’explosion polonaise,” l’ Expansion, (September 1980)

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  2. Abram Bergson, “Soviet Economic Showdown and the 1981–85 Plan,” Problems of Commission 30, no. 3 (May-June 1981)

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  3. S. N. Iatrov, “Toplivnoenergeticheskii kompleks,” Ekonomicheskaia gazeta, no. 10 (March 1980), p. 10

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  4. Robert W. Campbell, “Energy in the USSR to the Year 2000,” Bergson and Levine, eds., Ope cit..

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  5. See V. Krasovskii, “Tekhnicheskoe perevooruzhenie proizvodstva i effektivnost’ remonta,” Voprosy ekonomiki, 7–1981, pp. 31–41, especially pp. 33–34. We are grateful to Nancy Nimitz for calling this article to our attention.

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  6. Alec Nove, “Note on Growth, Investment, and Price Indexes,” Soviet Studies no. 1 (January 1981); Stanley H. Cohn, ”A Comment on Alec Nove, and Alec Nove, A Reply to Stanley Cohn, both in Soviet Studies 33, no. 2 (April 1981), pp. 296–301

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  7. Judith Thornton, The Impact of Nuclear Power on the Cost of Capital in Soviet Electric Power (Paper presented at the annual meeting of the American Association for the Advancement of Slavic Studies, Asilomar, California, September 1981)

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  8. Alexander Zinoviev, Les hauteurs béanies (Lausanne: L’Age d’Homme, 1980): 245–248

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© 1982 Institut Français des Relations Internationales

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Bressand, A. (1982). The crisis in the centrally planned economies. In: The State of the World Economy. Palgrave, London. https://doi.org/10.1007/978-1-349-06692-6_7

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