History 160
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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