anti-globalization label

[Brad DeLong]

>In a post a second ago on this thread, I refered to GDP growth under
>Stalin's "build factories or I'll shoot you" economic policy.
>
>The USSR in the years under Stalin's reign had an estimated GDP growth of
>300% in 30 years (I'm going by stats cited in the Russian business magazine
>Kommersant), even taking into accountthe ravages caused to agriculture by
>forced collectivization, destruction of 40% of the USSR's productive
>capacity by the Nazis, and an additional shock brought about by moving from
>a wartime policy in 1945-1946.
>
>Are there any historical parallels to this rate of growth?
>
>Chris Doss
>The Russia Journal

300% in 30 years is 4.6% per year. The East Asians beat that easily 
since 1960. So do the Western Europeans during their 30 Glorious 
Years. India's been growing faster than that since 1985...

Unfortunately, few others have.

Brad DeLong