Investment And Reindustrialization In The Soviet Economy by Boris Z. Rumer

Author:Boris Z. Rumer [Rumer, Boris Z.]
Language: eng
Format: epub
Tags: History, General
ISBN: 9780429716577
Google: PCqNDwAAQBAJ
Publisher: Routledge
Published: 2019-03-04T01:34:49+00:00

Thus, did the investment policy of the USSR stimulate a reorientation of industrial development from West to East to any signfiicant extent? During the entire period, 1918-75, there was no sharp change in the spatial distribution of capital investment in favor of the eastern regions. The increase of five percentage points in the share of the Asiatic part of the USSR in capital investment during this period is not evidence of an investment effort sufficient to overcome the intertia in the territorial location of industrial production in the USSR.

What are the results of such an investment policy? Is the spatial redistribution of industrial production from West to East stepped up, and is the structure of industry in the Asiatic part improved? These questions can be answered on the basis of the data in Table 7.

TABLE 7

SHARES OF THE EUROPEAN AND ASIATIC PARTS IN INDUSTRIAL OUTPUT IN THE LATE '70s (IN PERCENT)7

Branch European Asiatic

All Industry 81 19

Electric power 75 25

Fuel 66.8 33.2

Chemical and petrochemical 86.9 13.1

Machine-building and metalworking 86.3 13.7

Timber and woodworking 72.7 27.8

Construction materials 75.0 25.0

Light industry 81.1 18.9

Food 81.3 18.7

Other 85.8 14.2

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