ENGLISH

The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets

By Judy Shelton

Book information

Publisher
Free Pr
Year
1990
ISBN
0029285828, 9780029285824
Language
english
Format
PDF
Filesize
4 MB (3819526 bytes)
Pages
288\266
Time added
2015-11-29 09:19:13
Economics Banks Banking Commerce Commercial Policy

Description

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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