Shortly before the fall of the Soviet Union, the economist Gur Ofer of Hebrew University of Jerusalem, wrote this: "Themost outstanding characteristic of Soviet growth strategy is its consistent poficy of very high rates of investment, leadingto a rapid growth rate of [the] capital stock." Explain why this turned out to be a very poor growth strategy.
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Home » Business » Shortly before the fall of the Soviet Union, the economist Gur Ofer of Hebrew University of Jerusalem, wrote this: "Themost outstanding characteristic of Soviet growth strategy is its consistent poficy of very high rates of investment, leadingto a