I'm not familiar with this topic at all. I have some familiarity with Soviet economics and such, but predating that I'm not very knowledgeable. I'm curious because I'm debating someone about the merits and benefits of a free market economy as opposed to a centrally planned economy who suggests that central planning (as opposed to free market) was beneficial to these countries in terms of industrialization.
As well, hasn't Russia made substantial improvement in their GDP and industry in recent years by way of conversion to a market economy after the fall of the Soviet Union? And China is also a growing market economy at the present, is it not?
Forgive my ignorance on these matters :( I'm not much of a historian outside of US history.
Any source material I might study would be much appreciated.
Marko: One of the causes of the WWI was that Germany wanted to fight and defeat Russia before Russia economicaly eclipsed Germany.
One of the causes of the WWI was that Germany wanted to fight and defeat Russia before Russia economicaly eclipsed Germany.
Really? New info for me. Very interesting to study that question.
"Central planning" is beneficial to industrialization. I take everything you have, force you to build factories with it, take 100% of your product minus enough to keep you alive to continue producing more factories. I sit back and sip whine whilst you "industrialize" for me. Also known as slavery.