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Economic Restructuring in the USSR and International Economic Relations

In: Issues in Contemporary Economics

Author

Listed:
  • Abel G. Aganbegyan

    (Academy of National Economy, The Ussr Council of Ministers)

Abstract

The protracted domination of the administrative-command type system of management in the USSR has had a profound influence on our economy. Industrial investments and military expenditure had priority in the structure of GNP while finance for social welfare and the development of society was based on the so-called remainder principle. Perestroika inherited a state budget deficit; a great surplus of money in the hands of consumers which was not matched by the corresponding quantity of consumer goods, and there was thus a shortage in the market; a vast dissatisfaction of the population with housing conditions, and a disastrous situation in the provision of health care services and in the duration of education and in pensions.

Suggested Citation

  • Abel G. Aganbegyan, 1991. "Economic Restructuring in the USSR and International Economic Relations," International Economic Association Series, in: Kenneth J. Arrow (ed.), Issues in Contemporary Economics, chapter 3, pages 39-49, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11573-0_3
    DOI: 10.1007/978-1-349-11573-0_3
    as

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