The Communist bloc's economic news was pretty bad last week, even by Communist standards. There was the Soviet Union, admitting that its industrial production has not risen as fast as planned (see THE WORLD). In Cuba, where the economy has tumbled to 80% of pre-Castro levels, the government moved to halt the decline by making President Osvaldo Dorticós economics minister and central planning board chairman. That was not all. Communist China's economy has produced more bad news than goods, and Russia's growing difficulties with Rumania are largely the result of its efforts...
To continue reading:
or
Log-In