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Conversion of The Economy to the Intensive Path of Development

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  • L. Abalkin

Abstract

The transition to consistently intensive economic development is one of the fundamental characteristics of the reproduction process today. The conversion of the Soviet economy to the path of intensive development remains to be completed in the 1980s. The practical realization of this course is linked to profound change in the national economy, the content and directions of scientific and technical progress, and the entire reproduction structure. L. I. Brezhnev said at the Twenty-sixth Congress of the CPSU that when translated into practical terms, the formula of economic intensification means above all that the results of production grow faster than expenditures, so that greater results in production can be achieved for relatively smaller inputs of resources.

Suggested Citation

  • L. Abalkin, 1983. "Conversion of The Economy to the Intensive Path of Development," Problems of Economic Transition, Taylor & Francis Journals, vol. 25(10), pages 51-70.
  • Handle: RePEc:mes:prectr:v:25:y:1983:i:10:p:51-70 DOI: 10.2753/PET1061-1991251051
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