Cover: Outlook for Soviet economic reform

Outlook for Soviet economic reform

by Benjamin Zycher


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This paper, adapted from a talk given before the Pasadena Senior Curriculum, October 30, 1990, presents the author's view of the poor prospects for Soviet economic improvement in the short and medium terms. He discusses some necessary conditions for real long-term growth in any economy, and reviews the short- and medium-term outlook for Soviet economic performance even if all the necessary policy changes and economic institutions were adopted. Finally, he discusses Mikhail Gorbachev's reform program, which illustrates the adverse constraints imposed by the past and the poor outlook for the future.

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