The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets

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9780029285817: The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets
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A very cynical examination of the Soviet economy by a research fellow at the Hoover Institution who suggests that glasnost is a con and perestroika a ruse to obtain Western credits that will be invested in an enhanced Soviet military and place Western security at risk. Her proposal offer no port to the Soviets in a storm. (RC) Annotation copyright Book News, Inc. Portland, Or.

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Shelton, a senior research fellow at the Hoover Institution, opens with an examination of the Soviet budget as reported in that government's own publications and suggests that the Kremlin's finances are in much worse shape than is generally thought. She argues further that perestroika cannot save the ailing system without massive infusions of Western capital, technology, and attractive consumer goods to motivate workers--all of which the Soviets are pursuing avidly. Shelton concludes by warning against making capital or resources available to the USSR since any improvement in Soviet economic performance will enhance its military capabilities. A well-written and clear argument. Recommended.
- James R. Kuhl man, Univ. of Georgia Lib., Athens
Copyright 1989 Reed Business Information, Inc.

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