Economic growth strategy turned out

Reference no: EM131022768

Shortly before the fall of the Soviet Union, the economist Gur Ofer of Hebrew University of Jerusalem wrote: "The most outstanding characteristic of Soviet growth strategy is its consistent policy of very high rates of investment, leading to a rapid growth rate of [the] capital stock." Explain why this economic growth strategy turned out to be a very poor one.

Reference no: EM131022768

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