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Economists developed two alternative interpretations to explain de-industrialization in Britain. The first was developed by Oxford economists Robert Bacon and Walter Eltis. They argue that the public sector expansion deprived the private sector of sufficient labour and capital. In a word, the government “crowded out” the private sector.
The volume of industrial production in Russia in 1913 amounted to 6938.9 million rubles. [8] In 1913, Russia's share in world industry was 5.3% (fifth place in the world). [9] [10] Shares of Russia, United States, Great Britain, Germany and France in world industrial production (in%) [11]
Because of this, industrialization could not feed solely on enthusiasm and demanded a series of compulsory measures. [44] [54] Since October 1930, the free movement of labor was prohibited and criminal penalties were imposed for violations of labor discipline and negligence. Since 1931, workers had become responsible for damage to equipment. [44]
In a similar way, Russia which suffered during the Allied intervention in the Russian Civil War. The Soviet Union's centrally controlled economy decided to invest a big part of its resources to enhance its industrial production and infrastructures to assure its survival, thus becoming a world superpower. [12]
Because of the success made by the first plan, Stalin did not hesitate with going ahead with the second five-year plan in 1932, although the official start date for the plan was 1933. The second five-year plan gave heavy industry top priority, putting the Soviet Union not far behind Germany as one of the major steel-producing countries of the ...
Magnitogorsk, the largest of the rapid industrialized areas of Russia, was founded in 1743, but became more prevalent in the early 1930s by Stalin. His plan was to make it a one-industry town. The city would become the largest steel producer in Russia and was meant to rival production that was being seen in the U.S. at the same time.
In her suddenly relevant history of NATO’s expansion, “Not One Inch,” she recounts how Presidents George H.W. Bush and Bill Clinton both tried to make a place for Russia in European security ...
This economic transition has been described as katastroika, [4] which is a combination of catastrophe and the term perestroika, and as "the most cataclysmic peacetime economic collapse of an industrial country in history". [5] A few strategic assets, including much of the Russian defense industry, were not privatized during the 1990s. The mass ...