Abstract

Soviet Industrial Power. What the West Must Do
Balogh, T. | June 9, 1956 issue

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It was just a decade ago that the Great Britain Labor government was persuaded to accept a design for international economic reconstruction, evolved by the U.S. in the form of the "Grey Report," calling for a return to a barely modified pre-war "liberal" economic system. The plan's purpose was to enable the West to keep pace with Soviet economic growth. In Britain, there was the additional hope that London could regain its role of a second decisive voice in the West. Neither hope has been fulfilled. The economic failure of the West is not difficult to demonstrate.

See Also:

INTERNATIONAL economic relations; SOVIET Union -- Economic conditions; ECONOMIC development; ECONOMIC systems; SOVIET Union; GREAT Britain
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