The Soviet economy:problems and prospects
Desai, a leading Sovietologist, brings together in this volume many influential analyses of Soviet economic performance: its innovativeness, its allocative efficiency, the optimality and flexibility of its foreign trade, the constraints afflicting its agriculture, the efficacy of its resort to foreign credits, and its economic relations with the Third World. She provides the first coherent framework for the vast theoretical, econometric and institutional literature now available on the failings of the Soviet economy. This edition includes a substantial new preface updating the analysis. The author reviews the several formidable problems Gorbachev faces in achieving systemic change in the Soviet economy and how he has dealt with them to date. She reaches a cautiously optimistic conclusion regarding the soundness of his strategy.