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Additional info for SchweserNotes. 2010 CFA exam. Level 2 Book 3: Equity Investments
And M. Lipton (eds) (1968) The crisis of Indian planning (London: Oxford University Press for RIIA). Wiles, P. (1992) ‘Capitalist triumphalism in Eastern Europe, or the Economics of Transition: an interim report’, in A. Clesse and R. Tokes (eds) Preventing a new EastWest divide: the economic and social imperatives of the future Europe (Baden-Baden: Nomos). Zaleski, E. (1980) Stalinist planning for economic growth, 1933–52 (Chapel Hill, NC: University of North Carolina Press). 1 Introduction In the second half of the twentieth century the Soviet Union experienced the most dramatic shift in economic growth patterns.
Mises, L. von (1920) German article translated in Hayek (1935), Partial translation in Nove and Nuti (1972). Nove, A. (1958) ‘The problem of success indicators in Soviet industry’, Economica, 25 (97), 1–13. Nove, A. M. Nuti (eds) (1972) Socialist economics (Harmondsworth: Penguin). M. (1977) ‘Large corporations and the reform of Polish industry’, Jahrbuch der Wirtschaft Osteuropas, 7. M. (1981a) ‘The Polish crisis: economic factors and constraints’, The socialist register 1981 (London: Merlin Press).
In the former state socialist world, economic planning has been ended in the former USSR and the former Eastern Europe. In China the State Development Planning Commission ceased to exist in 2003 and was replaced by the State Development and Reform Commission. China’s 10th 5-Year Plan (2001–05) was its last and was followed by the 11th 5-Year Program. These terminological changes reflected the discrediting of ‘planning’ and the wish to disassociate policy from it. 12 Capitalist triumphalism The collapse of state socialism in 1989–91 gave rise to what has been termed ‘capitalist triumphalism’ (Wiles, 1992) or ‘liberal optimism’ (Chavance, 1994, pp.