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World Economic Growth and the Soviet Challenge

Published online by Cambridge University Press:  05 August 2009

Extract

An Economist and a political scientist studying the postwar world cannot fail to be impressed by two outstanding features of postwar development: the expansion of the military and economic power of the Soviet Union and the acceleration of economic growth throughout the world, particularly in the advanced capitalist countries. In this article I propose to investigate possible interrelations of these phenomena.

Type
Research Article
Copyright
Copyright © University of Notre Dame 1968

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References

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21 The concept of monopolistic capitalism was developed by Lenin in his major work Imperialism as the Latest Stage of Capitalism written under the influence of his contemporaries, R. Hilferding and J. A. Hobson in particular. In that analysis he mentioned also a certain tendency towards some kind of amalgamation (srashchivanie) between big corporations and state agencies, that is, transformation of monopolistic capitalism into state capitalism. This tendency was also mentioned in the Second Program of the Russian Communist Party adopted in March, 1919. In the Third Program, adopted at the end of 1961, the term state monopoly capitalism was substituted for monopolistic capitalism.

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27 “The heroic legend of German reconstruction as a spontaneous upsurge of aggressive private enterprise has been so sedulously fostered that the crucial part played by the public authorities in the process tends to be overlooked. In fact they not only supplied money, but also exercised a significant influence in selecting the projects on which it was to be spent,” Shonfield, A.Modern Capitalism (London, 1965), p. 276.Google Scholar

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