Key Statistics Economy Flashcards
1
Q
Deficit of Soviet ECONOMY 1985-86
A
2.4%-6.2%
2
Q
1987 economic perestroika
A
Encouragement of joint ventures 1987
Law on state enterprises June 1987
Co-operatives legalises 1988
3
Q
What did the implementation of the principle of electing managers lead to?
A
Urban wages rising by 13% 1989
4
Q
How much oil and gas accounted for Soviet exports and why was this such a problem?
A
54%- fall in the prices of oil
5
Q
What was the state of the Soviet economy by end of 1989?
A
Massively in debt and approaching crisis point
Strikes had increased e.g. Don Basin over unpaid wages and food shortages
6
Q
How much did Soviet output decline 1990-1991?
A
By 1/5
7
Q
How much spending on Cold War?
A
17%
