Ed A. Hewett

Gorbachev's Economic Strategy: A Preliminary Assessment

Gorbachevs economic strategy for the remainder of this decade is analyzed using the information contained in the Twelfth Five-Year Plan covering the years 1986-1990. The plan calls for an acceleration in the rate of economic growth achieved through a modernization of industry, a restructuring of investment, and increased labor effort on the part of the entire labor force. The economic reforms which accompany the plan are fairly modest. Analysis of the plan shows that it is very ambitious, and probably unachievable, although some improvement in economic performance is not excluded. Journal of Economic Literature, Classification Numbers: 052, 113, 124.

Open for business : Russia's return to the global economy

In December 1991 the Union of Soviet Socialist Republics--born in violent revolution and dominated for more than six decades by highly authoritarian rule--was dissolved by its constituent republics. The causes for this remarkable event will be probed for many years to come. Our understanding of it may never be complete. Nevertheless, it is evident even now that part of the story lay in a conscious redirection of policy by specific individuals. Those at the center of political and economic power understood the flaws in their system well enough to initiate a process of reform, but one that triggered a more massive transformation than they had intended. The process has left enormous turmoil in this wake. Political power has dissipated in all the new states emerging from the fragmented former USSR, and all are struggling to establish some constitutional order. They do so under conditions of severe austerity as they seed to reconstruct their once integrated, highly concentrated, internationally isolated economy into independent instruments of national viability. With no detailed blueprint available, and with only fractured mechanisms of policy control at their disposal, these new nations are being carried along by the inertia of state enterprises and by a spontaneous process or regeneration at the grass-roots level. This book, which analyzes Gorbachevs foreign economic strategy, provides a window for understanding the disintegrative forces that stymied his reforms and eventually defeated him, undermining the country he sought to preserve. Gorbachev was committed to ending Soviet isolation from the world economy and at the same time saving Soviet socialism. Ironically, it is the destructionof Soviet socialism and the emergence of new post-Soviet states, that has begun to break down the isolationist barriers erected over the last seven decades. This book documents the incredibly complex legacies that Russia and the other new post-Soviet states face as they see to integrate themselves into the global economy.

1987 Panel on the Soviet Economic Outlook: Perceptions on a Confusing Set of Statistics

Results of the second meeting of a panel of distinguished specialists who review annually Soviet economic performance are presented in the form of proceedings interwoven with tabular material, references, and occasional abstracts. Because of serious inconsistences and discrepancies in official Soviet statistical data for the year 1986, a debate on the quality of Soviet economic statistics is included in the review of performance. PlanEcon estimates are compared with those of the CIA. Also discussed are perspectives on agriculture and industry and prospects for 1987. Journal of Economic Literature, Classification Numbers: 052, 124, 221.

The 19th Conference of the CPSU: A Soviet Economy Roundtable

The 19th Conference of the Communist Party, convened in Moscow on June 28, 1988, is analyzed by eight Western observers. The discussion covers events leading up to the conference, such as the election of delegates, General Secretary Gorbachevs objectives, his influence and the significance of his compromises. It then proceeds to analyze the agenda and offers an overview with a focus on organization, the invigorated Soviets and selected political and economic implications. In addition to Gorbachevs opening address, special attention is given to the speech by Academician Abalkin and to Gorbachevs cryptic reaction to Abalkins exposition of the state of economic affairs. Journal of Economic Literature, Classification Numbers: 052, 124, 113.

Gorbachev's Economic Reform: A Soviet Economy Roundtable

The proceedings of a panel of American specialists devoted to the recent economic reform are summarized. The panelists noted that the most substantial changes to date have accompanied efforts to restructure the decisionmaking hierarchy—in particular, a recentralization of authority through the creation of biuros and state committees and legislation on individual economic activity. Changes in the systems of economic planning and incentives, on the other hand, have been minor, suggesting a continuing debate over the extent to which price reform and various economic incentives should be implemented. Journal of Economic Literature, Classification Numbers: 052, 113, 124.

Supporters and Opponents of Perestroyka: The Second Joint Soviet Economy Roundtable

Support and opposition to perestroyka in the USSR and the U.S. are discussed on the eve of Academician Andrey Sakharovs trip to the U.S. in November 1988. Participating in the roundtable are leading Soviet economists, historians, philosophers, publishers and journalists as well as American Sovietologists. Different perspectives are offered on resistance to perestroyka and its origins, on concepts of change, the constitutional revisions in prospect, the pace and scope of the reform and the nationalities issue. Selected statements, notably those of Andrey Sakharov, are of historical significance. Journal of Economic Literature, Classification Numbers: 027, 124.

Basic Directions of Perestroyka

Three basic directions of the economys perestroyka (social orientation, uskoreniye of technological readjustment, and restructuring of management in enterprises) are outlined by its leading architect and advisor to General Secretary Gorbachev. The presentation, commencing the first joint Soviet Economy round-table, is followed by questions and comments by American participants relating to sequence, momentum, transition, anticipated consequences and contradictions in the reform. A rejoinder covering such issues as priorities, price formation, adaptation to change, allocation of resources and comparison with the Hungarian and other models, is followed by a concluding exchange of views on competition. Journal of Economic Literature, Classification Numbers: 027, 052, 124.

The Aftermath of the 19th Conference of the CPSU: A Soviet Economy Roundtable

The aftermath of the 19th Conference of the Communist Party, held in Moscow from June 28 to July 1, 1988, is analyzed by eight Western observers. The discussion covers impacts of the Conference on Soviet society and abroad, General Secretary Gorbachevs speech at the Central Committee Plenum on July 29, 1988, and reviews results of his policies since 1985. It proceeds to look at the current transitional period of Soviet reforms, including the formation of new enterprise forms and horizontal links in the economy. Finally, the discussants view prospects for political and economic development in the future. journal of Economic Literature, Classification Numbers: 052, 124, 113.

1986 Panel on the Soviet Economic Outlook

The results of the inaugural meeting of a panel on the Soviet economy, convened by the editors of Soviet Economy, are summarized. The panel noted that 1985 economic performance had been fairly good by recent Soviet standards, although the external trade balance had deteriorated sharply. Turning to the Twelfth Five-Year Plan (FYPXII) and the annual plan for 1986, the panel noted the clearly taut nature of both plans, and the apparent inconsistencies between them. The consensus was that the FYPXII targets would be very difficult to achieve, although outsiders may find it hard to judge due to the inherent ambiguities in measuring quality changes, and the potential for significant hidden inflation in growth statistics. Journal of Economic Literature, Classification Numbers: 052, 124).

Panel on Growth and Technology in Perestroyka

A part of the proceedings of the first joint Soviet Economy roundtable, focused on the pivotal role of modern technology in perestroyka, is presented in the form of questions and answers reflecting a lively debate between distinguished Soviet and American economists. Adaptation to new technologies is analyzed in light of uskoreniye, plan priorities, and a variety of factors influencing economic growth. Also debated are issues relating to enterprises and industries, particularly within the context of contrasts between the civilian and military economies. Specific issues such as the tradeoffs between centralization and autonomy are discussed in some detail. Journal of Economic Literature, Classification Numbers: 052, 124, 621.