Book contents
- The Cambridge Economic History of the Modern World
- The Cambridge Economic Historyof the Modern World
- The Cambridge Economic History of the Modern World
- Copyright page
- Contents
- Figures
- Tables
- Contributors to Volume II
- Introduction to Volume II
- Part I Regional Developments
- 1 North America
- 2 Western Europe
- 3 The Socialist Experiment and Beyond
- 4 Japan
- 5 Economic Changes in China
- 6 From Free Trade to Regulation
- 7 Growth and Globalization Phases in South East Asian Development
- 8 The Middle East
- 9 Latin America
- 10 African Economic Development
- 11 Australia
- Part II Factors Governing Differential Outcomes in the Global Economy
- Index
- References
3 - The Socialist Experiment and Beyond
The Economic Development of Eastern Europe
from Part I - Regional Developments
Published online by Cambridge University Press: 03 June 2021
Book contents
- The Cambridge Economic History of the Modern World
- The Cambridge Economic Historyof the Modern World
- The Cambridge Economic History of the Modern World
- Copyright page
- Contents
- Figures
- Tables
- Contributors to Volume II
- Introduction to Volume II
- Part I Regional Developments
- 1 North America
- 2 Western Europe
- 3 The Socialist Experiment and Beyond
- 4 Japan
- 5 Economic Changes in China
- 6 From Free Trade to Regulation
- 7 Growth and Globalization Phases in South East Asian Development
- 8 The Middle East
- 9 Latin America
- 10 African Economic Development
- 11 Australia
- Part II Factors Governing Differential Outcomes in the Global Economy
- Index
- References
Summary
Using recent advances in historical national accounts and scholarship of the region, this chapter depicts the economic development of eastern Europe from the times of the Habsburg monarchy and the Russian Empire before World War I through the turbulent interwar years, with the onset of the communist regime and socialist experiment in Russia, the spread of the centrally planned economic system and communist rule in the post-World War II decades, its collapse in the late 1980s and then a decade of transition to market economies. The chapter assesses the region’s economic performance in each of these periods. Even though the path of eastern Europe since the late nineteenth century has been one marked by a series of significant shocks, there were also significant continuities, so that the socialist ‘experiment’ did not result in the significant break with the past that its architects had envisaged.
Keywords
- Type
- Chapter
- Information
- The Cambridge Economic History of the Modern World , pp. 74 - 99Publisher: Cambridge University PressPrint publication year: 2021
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