SOVIET ECONOMIC GROWTH.

SOVIET economy; ECONOMIC development; ECONOMIC policy; ECONOMIC history; ECONOMICS; INTERNATIONAL relations; INTERNATIONALISM

This article focuses on the economic growth in the Soviet Union. The rates of economic growth projected in the Sixth Five-Year Plan of the Soviet Union are impressive. National income in 1960 is planned to be 160 percent of that in 1955, an increase of about 10.5 percent per year. Although these figures are slightly lower than those claimed for the preceding Five-Year Plan, they are three times those for the U.S. in the period 1950-1955. Similarly, it is planned that by 1960, real wages in the Soviet Union will be 130 percent of the 1955 level, slightly less than the increase claimed for the previous five-year period but still far above the rate in Western capitalistic countries.