1945

Recent trends in the centrally planned economies

image of Recent trends in the centrally planned economies

Industrial production as well as national income continued to rise at high, albeit somewhat decelerating, rates in all European centrally planned economies in 1961. Agricultural production, however, slowed down considerably and in some cases declined. In contrast to the high rates of growth in income in the European centrally planned economies, the expansion in mainland China came to a virtual standstill.

Related Subject(s): Economic and Social Development
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