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The Collapse of the Second World

In: First World, Third World

Author

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  • William Ryrie

Abstract

The Soviet decision not to join the Bretton Woods institutions at the end of World War II was one of several which drew the Second World economically into its own shell, separating it from the rest of humanity for forty-five years. When communism collapsed in eastern Europe and the Soviet Union in the years 1989–91, the rest of the world was surprised to discover how little it knew or understood about these hidden economies. It dawned on the west that, although the Soviet Union had been the first country in space and the second military power in the world, it was a relatively poor country.

Suggested Citation

  • William Ryrie, 1995. "The Collapse of the Second World," Palgrave Macmillan Books, in: First World, Third World, chapter 10, pages 179-194, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24205-4_10
    DOI: 10.1007/978-1-349-24205-4_10
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