PC: A Marshall-like Plan for the former USSR?

Aug 2014
107
New York, USA
#11
"Shock therapy" has proven to be incapable of transforming former Socialist economies, successfully, and a Marshall Plan would not have been sufficient, either. I would say, a gradual opening starting with developmental state type changes in, primarily, industrial policy (Japanese style), would probably have been more successful.
I think an accelerated version of Chinese transition from planned to capitalist economy could've been done with USSR. A 10 year plan, starting with liberalizing agriculture and farming and onwards towards full market economy, overseen with democratic elections.
 

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