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Economic reform in former USSR slow and difficult

Economic reform in former USSR slow and difficult

Former USSR International Agriculture and Trade Reports, Situation and Outlook Series ( RS-93-1): 3-8

In the countries of the former USSR, national income and aggregate industrial and agricultural output all fell substantially in 1992. High inflation and the corresponding weakness of money have continued to be destabilizing problems, contributing to the decline in output. However, some of the drop in income and output can be viewed as part of the short-term costs of adjusting to a more market-oriented economic system.

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