SOVIET AND COMMUNIST CHINESE INDUSTRIALIZATION STRATEGIES,

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Abstract:

The paper compares the Soviet and Communist Chinese strategies of industrialization during the period of their respective first two Five Year Plans FYP, that is, 1928-37 for the Soviet Union and 1953-62 for Communist China. The discussion is limited mainly to three broad problems of development policy the allocation of resources to investment, the priority of industry in the allocation of capital investment, and the choice of techniques and scale in industrial production.

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