A Study Of The Market Reforms In Post-communist Eastern Europe With A
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Title: A Study Of The Market Reforms In Post-communist Eastern Europe With A

Essay Details:

Subject: Social Issues
Author: Herschel W
Date: September 19, 2015
Level: University
Grade: A
Length: 12 / 3573

Essay text:

worse use of available resources. The 1980's marked a change in world markets meant that the communist economies were faced with four challenges that would, if met, have meant the continuation of the USSR. Resource saving miniaturization requiring high technology and skill were demanded (command economies have neither), Flexible production to meet a variety of needs (command economies have large factories to keep production high - they, thus, did not have the funds or ability to affect the necessary changes to their means of production), the "information age" meant that the communist bloc had to deny the new prevalent types of technology, which would spread Western ideas, and thus they fell behind), and "software" became essential to the growth of industry (the "hardware" focus of the East could not absorb this new approach...

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