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A Review of Soviet Economic Progress

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  • Anonymous

Abstract

In 1946, when the Soviet economy was still suffering acutely from war damage, Stalin addressed a meeting in Moscow and announced some long-term economic targets : the aim, he said, was to treble the 1940 output of basic industries, and in particular to reach an output of 50 million tons of pig-iron, 60 million tons of steel and 60 million tons of oil. ‘This will take three five-year plans, or maybe longer’, he said, suggesting that he hoped to reach these goals in the early 1960s. Ambitious as his targets seemed at the time, they will in fact probably be exceeded by 1960—in the case of oil by a very wide margin. The period from 1946 to 1956 was one of exceptionally rapid growth. In the first years, the restoration of war-damaged productive capacity and reparations deliveries helped, but progress continued to be very rapid during the fifth five-year plan (1951–1956), when these factors were no longer important.

Suggested Citation

  • Anonymous, 1959. "A Review of Soviet Economic Progress," National Institute Economic Review, National Institute of Economic and Social Research, vol. 6, pages 37-47, November.
    • Handle: RePEc:cup:nierev:v:6:y:1959:i::p:37-47_4
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