ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Relevance of Soviet Economic Model for Non-socialist Countries

Relevance of Soviet Economic Model for Non-socialist Countries

The Soviet impact on non-socialist countries between 1947 and 1991 was felt at three different levels. First, the US altered its own policies towards its allies radically to foster their economic development and make them less susceptible to Soviet influence. Second, countries in western Europe and east Asia borrowed some key economic ideas and instruments from USSR to hasten their economic growth. Third, direct economic aid was offered by the Soviets to non-aligned countries keen on industrialisation. This article examines the contemporary relevance of the Soviet model for non-socialist countries.

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