In this important book, Judy Shelton, one of America's leading experts on the Soviet economy, demonstrates that rampant inflation and a huge budget deficit, theoretically impossible under Marxism, have ravaged the Soviet economy and are forcing Mikhail Gorbachev into a frenzied search for Western credit. Public and private Western sources are too eager to provide money without understanding exactly what they're financing. Shelton argues that if Western financial aid is to be used to influence Soviet behavior - especially in arms control - the U.S. must fully maximize its present great leverage by co-ordinating and controlling the movement of capital - or dangerously risk American security in the future.
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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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Book Description Free Press, Old Tappan, New Jersey, U.S.A., 1990. Soft cover. Book Condition: New. First Paper. 6x9. Exposes the total mess that socialism has made of the Russian economy. Useful background to current Russian problems. xviii+245 pages. Out of Print. Bookseller Inventory # 14647
Book Description Free Pr, 1990. Paperback. Book Condition: New. book. Bookseller Inventory # 0029285828
Book Description Free Pr, 1990. Paperback. Book Condition: New. Bookseller Inventory # P110029285828
Book Description Free Pr. PAPERBACK. Book Condition: New. 0029285828 New Condition. Bookseller Inventory # NEW6.1014593