The Soviet Economy
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Case Code: ECON028 Case Length: 19 Pages Period: 1991-2007 Pub Date: 2008 Teaching Note: Not Available |
Price: Rs.400 Organization : - Industry : - Countries : Russian Federation Themes: Economics |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
The Economy in The Soviet Era
In 1921, the civil war ended with Lenin emerging victorious, though by then, the war and the droughts of 1920 and 1921 had devastated the Russian economy. By 1921, industrial production had fallen to one-seventh, the agricultural production to one third, and land under cultivation to 21% of that in 1913...
The Stalin Era
Stalin, who emerged as the leader of the Communist Party in 1924, replaced the NEP with the first Five-Year Plan in 1928...
The Krushchev and Brezhnev Eras
After Stalin's death in 1953, there was a power struggle within the party. In late 1953, Nikita Khrushchev (Khrushchev) was appointed first secretary of the Communist Party. He consolidated his authority in the Union government by 1957...
The Gorbachev Era
By 1985, when Mikhail Gorbachev (Gorbachev) became general secretary of the Communist Party of the Soviet Union, the Soviet economy had been through an almost two decade-long period of stagnation and was in immediate need of reform...
The Collapse of The Soviet Union
Although Gorbachev's economic and political reforms were a break from the past they were not enough to improve the country's economic situation in the late 1980s. Although the reforms tried to restructure the existing system, in most areas, the fundamental elements of the Stalinist system such as price controls, non-convertibility of the ruble, exclusion of private property ownership, and government monopoly over most means of production remained...
Exhibits
Exhibit I: Karl Marx's Ideology
Exhibit II: Leninism
Exhibit III: The Map of USSR
Exhibit IV: A Brief Note on Command Economies and Five-Year Plans
Exhibit V: Expenditures of the Soviet Government
Exhibit VI: The Constituents of USSR
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