soviet economic growth rate(1951~1980)

Thanks for posting.
But where is this from? Which source?

Loz wrote:

Thanks for posting.
But where is this from? Which source?

http://newslibrary.naver.com/viewer/ind ... Type=00020


A korean news paper dated jan 29,1985. You must have to read korean for reading it.

For all those naysayers of the mainstream economic intelligentsia, the raw data speaks for itself. Absent from the present day dialogue about saving the economy is any mention that a socialist economic system for a developed country could generate such uninterrupted growth across an entire business cycle. Even the so-called Era of Stagnation, covered in the specified time horizon, showed admirable and healthy growth rates.

What policy was enacted to enable unprecedented agricultural growth in 1964?

Complete conjecture here, but the 1964 agriculture growth rate could be driven by increased cotton yield in Kazakhstan/Uzbekistan, as a byproduct of the Virgin Lands Act.

Very interesting. I wonder how much of the negative agricultural growth rate is attributed to poor weather conditions/bad harvests.

But big growth rates need to be controlled too.

In the 1950s and 1960s, USSR and Brazil were growing faster than another nation, and this growth was driven by improvement of social conditions. But, as a consequence, Brazil suffered from hyperinflation (like Zimbabwe today, only in 1992 the inflation was 1.470%!) and Soviet Union suffered from lack of consumer goods.

I don't think any intelligent person would place their judgment of a national economy strictly on growth, for the reasons you cited.

However, what is good about these statistics for the USSR from the 1950s through the 1970s is that they show steady growth, even into the 1970s, in contrast to what capitalists call a period of stagnation. They also give credence to the fact that up until the 1980s (arguably with the introduction of perestroika or just before, depending on your sources), the USSR was the second largest economy in the world and was catching up to the West in terms of development.

By the way, "lack" of consumer goods is a strong and exaggerated statement. It was rather selected supply shortages that came about as the result of Soviet households gaining higher real incomes and purchasing power, but consumer production not rising at a matching rate due to priority investment in capital goods and social services (as well as quality control measures introduced by Andropov).