Ebook: The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets
Author: Judy Shelton
- Tags: Economics Banks Banking Commerce Commercial Policy Comparative Development Growth Digital Currencies Econometrics Economic Conditions History Environmental Free Enterprise Income Inequality Inflation Interest Labor Industrial Relations Macroeconomics Microeconomics Money Monetary Public Finance Sustainable Theory Unemployment Urban Regional Business International Europe Belgium France Germany Great Britain Greenland Italy Netherlands Romania Scandinavia Russia
- Year: 1990
- Publisher: Free Pr
- Language: English
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In this important book, Judy Shelton, one of America's leading experts on the Soviet economy, demonstrates that rampant inflation and a huge budget deficit, theoretically impossible under Marxism, have ravaged the Soviet economy and are forcing Mikhail Gorbachev into a frenzied search for Western credit. Public and private Western sources are too eager to provide money without understanding exactly what they're financing. Shelton argues that if Western financial aid is to be used to influence Soviet behavior - especially in arms control - the U.S. must fully maximize its present great leverage by co-ordinating and controlling the movement of capital - or dangerously risk American security in the future.
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