4 ms·
I'll bite the bait. Do you have any sources that would cover your interpretation of events? To the best of my knowledge, the crisis in 80s Romania was due to
by stoltzmann 4y ago
I'll bite the bait.
Do you have any sources that would cover your interpretation of events?
To the best of my knowledge, the crisis in 80s Romania was due to similar causes as in other communist countries of the period - the economy was quickly industrialized based on foreign loans (which were also spent partially on consumption) in the 70s, with most investments made in heavy industry. That is a very good base for building tanks and heavy armaments which the Warsaw Pact needed, but it's not suited so much for export to the West and bolstering the national economy.
The effects of those ill-thought investments are felt to this day in Eastern Europe - but it's not due to the West trying to sabotage national production, but due to inefficient implementation of obsolete production processes in the centrally commanded economies.