Development and Crisis of the Central Planned Economy in Bulgaria Cover Image
  • Price 4.20 €

Development and Crisis of the Central Planned Economy in Bulgaria
Development and Crisis of the Central Planned Economy in Bulgaria

Author(s): Raúl de Arriba Bueno
Subject(s): History
Published by: Editura Cetatea de Scaun
Keywords: industrialization; planned economy; economic crisis; reforms; decentralization

Summary/Abstract: Probably Bulgaria is the most appropriate scenario to analyze the functioning of the Soviet style planning. Because it is here where in the most orthodox way, and regardless Bulgaria’s peculiarities, this system has been applied. The article examines the transformations that took place in the Bulgarian economy between 1944 and 1989 with the objective of analyzing the causes which led to the crisis of the planned economy. The process of economic development experienced in Bulgaria was accompanied by the verification of the intrinsic limits of the planning mechanism. Several intents of modification of the economic mechanism were introduced to allow the continuity of the process of growth. This work analyze to what extent these reforms constituted a real modification of the pattern of centralized planning and their inability to avoid the economic crisis. The intents of reforms of the economic mechanism toward the economic decentralization failed. All the reforms introduced can be described as conservative, keeping in mind that none of them supposed a real deviation from the centralized pattern. In any case, only an administrative decentralization that perfected the central control through the simplification of the system and the amplification of powers of the intermediate levels of the administrative structure took place.

  • Issue Year: 2006
  • Issue No: 5-6
  • Page Range: 45-62
  • Page Count: 18
  • Language: English