History 160
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History 160 1
Latest content History 160
International Economy in the 20th century
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Soviet “golden age” Graph says that in the early years of the soviet 5 year plan, economic growth was fast and rapid During Bretton woods ( 50s to 70s), soviet growth averaged around 4-5% per year Not Germany or japan fast but faster than the US and world average Then started to decline after 1970s But some key differences Share of employment in the industry continues to grow ( in US and Europe, falls- shift to services) Early productivity decline ( absenteeis...
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History 160•History 160