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Second Economy Of The Soviet Union
The second economy in the Soviet Union was black market or the informal sector in the economy of the Soviet Union. The term was suggested by Gregory Grossman in his seminal article, "The Second Economy of the USSR" (1977).Authority on Soviet economy, Gregory Grossman, passes away . ''Berkeley News''. August 25, 2014. Economist Gerard Roland noted that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Market
A black market, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the . Examples include the illegal drug trade, prostitution (where prohibited), illegal currency transactions, and human trafficking. Violations of the tax code involving income tax evasion in the . Because tax evasion or participation in a black market activity is illegal, participants attempt to hide their behavior from the government or regulatory authority. Cash is the preferred medium of exchange in illegal transactions since cash transactions are less-easi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alena V
Alena is a feminine given name from the origins Russia and Czechia. People Alena is a variant of Helen. People with this name include: * Saint Alena (died 640), born in Dilbeek, Belgium, and martyred c. 640 * Alena Douhan, Belarusian diplomat * Alena Holubeva (born 1994), Belarusian basketball player * Alena Martinovská, Czech actress, appearing in the 1954 film ''Komedianti'' * Alena Matejka (Alena Matějková, born 1966), Czech sculptor and glass designer * Alena Mazouka (born 1967), Belarusian long-distance runner * Alena Mihulová (born 1965), Czech actress, married to director Karel Kachyňa * Alena Šeredová (born 1978), Czech model * Alena Vránová, Czech actress, appearing in the 1956 film ''Lost Children (1956 film)'' * Alena Vrzáňová (1931–2015), Czech athlete, figure skater It is also a Catalan last name. People with this name include: * Carles Aleñá (born 1998), Spanish footballer Fiction * Alena (Encantadia), a fictional character who possesses the G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shadow Economy Of Russia
The shadow economy () is one of the most controversial aspects of Russia's economic history. In 2011, according to official Rosstat estimates calculated using the GDP adjustment method, the degree of shadowization of the Russian economy was about 16% of GDP, with a turnover of about 7 trillion rubles a year. About 13 million people were involved in the shadow sectors of the economy; according to independent experts, 22 million Russians are employed in the informal sector. To calculate the share of the shadow economy in the country's GDP, the State Statistics Committee of Russia usually proceeds from the ratio to GDP of income from hidden and informal economic activities permitted by law. This technique complies with the recommendations of international organizations. It should be taken into account that the concept of hidden and informal production in statistics differs from the indicators of the shadow economy used to calculate the taxable base (). The dynamics of the volumes of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
500 Days
The 500 Days Program (russian: программа "500 дней") was an ambitious program to overcome the economic crisis in the Soviet Union by means of a transition to a market economy. History The program was proposed by Grigory Yavlinsky and further developed by a work group under the direction of Stanislav Shatalin (an economic advisor to Mikhail Gorbachev). Before beginning work on the project, Shatalin had been assured by Gorbachev that he was serious about radically reforming the Soviet economy. Therefore, in August 1990, the group issued a 400-page report titled "Transition to the Market". It was based on the earlier "400 Days Project" prepared by Yavlinsky and became known colloquially as the "500 Days Program" as it intended to create the groundwork for a modern market economy in 500 days. The report called for creation of a competitive market economy, mass privatization, prices determined by the market, integration with the world economic system, a large transf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perestroika
''Perestroika'' (; russian: links=no, перестройка, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg) was a political movement for reform within the Communist Party of the Soviet Union (CPSU) during the late 1980s widely associated with CPSU general secretary Mikhail Gorbachev and his glasnost (meaning "openness") policy reform. The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation. Perestroika allowed more independent actions from various ministries and introduced many market-like reforms. The alleged goal of perestroika, however, was not to end the command economy but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics. The process of implementing perestroika added to existing shortages, and created political, social, and economic tensions within the Soviet Union. Fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shortage
In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply ( surplus). Definitions In a perfect market (one that matches a simple microeconomic model), an excess of demand will prompt sellers to increase prices until demand at that price matches the available supply, establishing market equilibrium. In economic terminology, a shortage occurs when for some reason (such as government intervention, or decisions by sellers not to raise prices) the price does not rise to reach equilibrium. In this circumstance, buyers want to purchase more at the market price than the quantity of the good or service that is available, and some non-price mechanism (such as "first come, first served" or a lottery) determines which buyers are served. So in a perfect market the only thing that can cause a shortage is price. In common use, the term "shortage" may refer to a situation whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Goods
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, but the parts purchased to manufacture them are intermediate goods. When used in measures of national income and output, the term "final goods" includes only new goods. For example, gross domestic product (GDP) excludes items counted in an earlier year to prevent double counting based on resale of items. In that context, the economic definition of goods also includes what are commonly known as ''services''. Manufactured goods are goods that have been processed in any way. They are distinct from raw materials but include both intermediate goods and final goods. Law There are legal definitions. For example, the United States' Consumer Product Safety Act has an extensive definition of consumer product, which begins: CONSUMER PRODUCT.--The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blat (favors)
In Russian, ''blat'' (russian: блат) is a form of corruption comprising a system of informal agreements, exchanges of services, connections, Party contacts, or black market deals to achieve results or get ahead. In the USSR, ''blat'' was widespread because of the permanent shortage of consumer goods and services. This was due to the price of consumer goods being dictated by the state rather than set by the free market. Networks of ''blat'' made it easier for the general public to gain access to much-coveted goods and services. ''Blat'' also took place at the enterprise-level in the form of '' tolkachs'', employees whose explicit role was to exploit their networks to secure positive outcomes for their employers. The system of ''blat'' can be seen as an example of a social network with some similarities to networking (especially "good ol' boy" networks) in the United States, old boy networks in the United Kingdom and the former British Empire, and ''guanxi'' in China. In p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Sector
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge. In many cases, unlike the formal economy, activities of the informal economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). However, Italy has included estimates of informal activity in their GDP calculations since 1987, which swells their GDP by an estimated 18% and in 2014, a number of European countries formally changed their GDP calculations to include prostitution and narcotics sales in their official GDP sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Bloc Economies
The Eastern Bloc, also known as the Communist Bloc and the Soviet Bloc, was the group of socialist states of Central and Eastern Europe, East Asia, Southeast Asia, Africa, and Latin America under the influence of the Soviet Union that existed during the Cold War (1947–1991). These states followed the ideology of Marxism–Leninism, in opposition to the capitalist Western Bloc. The Eastern Bloc was often called the Second World, whereas the term " First World" referred to the Western Bloc and "Third World" referred to the non-aligned countries that were mainly in Africa, Asia, and Latin America but notably also included former pre-1948 Soviet ally SFR Yugoslavia, which was located in Europe. In Western Europe, the term Eastern Bloc generally referred to the USSR and Central and Eastern European countries in the Comecon (East Germany, Poland, Czechoslovakia, Hungary, Romania, Bulgaria, and Albania). In Asia, the Soviet Bloc comprised Mongolia, Vietnam, Laos, Kampuchea, Nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Command Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
