Industrial Policy and Foreign Trade in Bulgaria
Industrial Policy and Foreign Trade in Bulgaria
Author(s): J. Michael MontiasSubject(s): National Economy, Governance, Economic history, Political history, Economic policy, International relations/trade, Economic development, Post-War period (1950 - 1989)
Published by: SAGE Publications Ltd
Keywords: Bulgaria; industrial policy; foreign trade; industrialization; expansion of all major industry branches; economic development; metallurgical industry; postwar period;
Summary/Abstract: Until the mid- 1970s, the industrialization of Bulgaria proceeded rapidly and without major interruptions. From 1960 to 1975, net material product rose at 7.7 percent per year; personal consumption per capita went up by over 5 percent per year in the face of rates of net investment (or "accumulation") that exceeded 30 percent. Industrial policy in the 1960s, in a nutshell, consisted in the simultaneous expansion of all major branches of industry, even though priority was placed on the steel and machinery industrial complex. In spite of the meagerness of domestic resources, an important metallurgical industry was built up, with considerable Soviet assistance. [...]
Journal: East European Politics and Societies
- Issue Year: 02/1988
- Issue No: 03
- Page Range: 522-557
- Page Count: 36
- Language: English
- Content File-PDF