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Business, 08.04.2020 23:45 njones58emailtjcedu

Shortly before the fall of the Soviet Union, the economist Gur Ofer of the Hebrew University of Jerusalem, wrote this: "The most outstanding characteristic of Soviet growth strategy is its consistent policy of very high rates of investment, leading to a rapid growth rate of [the] capital stock."
Explain why this turned out to be a veru poor growth strategy.

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Shortly before the fall of the Soviet Union, the economist Gur Ofer of the Hebrew University of Jeru...
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