Soviet Union's Economic Growth Under Central Planning (1928-1990)
In 1928, the Soviet Union's GDP per capita was one-third of Argentina's, yet it exceeded the levels in both Brazil and South Korea. Under its system of communist central planning, the Soviet Union experienced consistent growth for nearly fifty years. This economic expansion was substantial enough to significantly surpass Brazil's GDP per capita and eventually overtake Argentina's before the end of Communist Party rule in 1990.
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Data Source for Figure 1.19: Maddison Project Database (2020)
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Learn After
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