Question

why Soviet union was growing according to krugman in the math of asia's miracle

Answer 1

Western thought leaders were once fascinated and fearful of the great growth achieved by the Eastern economies. Although these economies are still poorer and smaller than those in the West, the speed at which rural societies have turned to industrial power plants, but their ability to reach growth rates many times higher than that of the developed countries. And their increasing ability to challenge or even surpass American and European technology in some fields seems to raise questions about the power of not only Western power but also Western ideology. The leaders of these countries have no faith in free markets or unlimited civil liberties. They argued with a growing conviction that their system was better: a society that adheres to government, even authoritarianism, and is willing to reduce individual freedoms for the common good, taking over their economic control, and Abandoning consumer interests in the short term, for in the name of long-term growth, it will eventually go beyond the chaotic society But increasingly in the West. And a few rising Western intellectuals agreed.

The discrepancy between Western and Eastern economic outcomes eventually became a political issue. Democrats have returned to the White House under the powerful new president, who promised to get the country back on track - a promise for him and his closest advisers to Accelerating U.S. economic growth to meet the East Coast challenge. .

Of course, the time was in the early 60s. Outstanding young president is John F. Kennedy. The technological offensive that terrified the West was the Sputnik launch and the Soviet lead in space. And the fast-growing eastern economy was the Soviet Union's country and its dead.