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A Change of Economic Growth Pattern in the Soviet Union and Russia and Its Implications for China

Lang Mengyua

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Abstract

Since the early 1970s,the Soviet Union set forth changing from extensive to intensive mode of economic growth,but failed due to neglect of economic structure factors.Market economy is the foundation but not the only condition of intensive mode of economic growth.After Russian economic transition to market in the 1990s,the extensive mode of economic growth did not change.China that is also in a transition period should draw lessons from Russia and make a full preparation for a long-term economic transition.

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Since the early 1970s,the Soviet Union set forth changing from extensive to intensive mode of economic growth,but failed due to neglect of economic structure factors.Market economy is the foundation but not the only condition of intensive mode of economic growth.After Russian economic transition to market in the 1990s,the extensive mode of economic growth did not change.China that is also in a transition period should draw lessons from Russia and make a full preparation for a long-term economic transition.

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Available abstract

Since the early 1970s,the Soviet Union set forth changing from extensive to intensive mode of economic growth,but failed due to neglect of economic structure factors.Market economy is the foundation but not the only condition of intensive mode of economic growth.After Russian economic transition to market in the 1990s,the extensive mode of economic growth did not change.China that is also in a transition period should draw lessons from Russia and make a full preparation for a long-term economic transition.

Key concepts: Soviet union, China, Neglect, Mode (computer interface), Economics, Economic system, Transition (genetics), Economic expansion

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