FOOD SHORTAGES IN THE FORMER USSR: Mainly the Result of Monetary Imbalances Report as inadecuate




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Wage, price, and monetary policies during the Gorbachev years have been mostresponsible for the food crisis in the republics of the former USSR, not problems inagricultural production. These non-agricultural policies distorted demand, weakenedthe distribution system, and created inflationary macroeconomic imbalance. In 1991,though, these conditions finally began to affect the supply side of the economy, causingoutput, not onlY In agricu ture but across sectors, to fall. The main short-runobjective of the ambitious reform program begun by the Russian Republic in January1992 is to restore macroeconomic balance and thereby eliminate the inflationary preshe

Subject(s): Food Security and Poverty

Public Economics

Issue Date: 1992

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/131619 Published in: Choices, Volume 07, Issue 2

Total Pages: 3

Record appears in: Agricultural and Applied Economics Association (AAEA) > Choices





Author: Liefert, William M.

Source: http://ageconsearch.umn.edu/record/131619?ln=en







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