After the Soviet Union's occupation of much of the Eastern Bloc during World War II, Soviet leader Joseph Stalin implemented socioeconomic transformations of each of the Eastern Bloc economies that comported with the Soviet model of central planning. As with the economy of the Soviet Union, planners in the Eastern bloc were directed by the resulting Five Year Plans which followed paths of extensive rather than intensive development, focusing upon heavy industry as the Soviet Union had done, leading to inefficiencies and shortage economies.
The Eastern Bloc countries achieved high rates of economic and technical progress, promoted industrialization, and ensured steady growth rates of labor producitvity and rises in the standard of living.
Famous quotes containing the words eastern and/or bloc:
“I need not tell you of the inadequacy of the American shipping marine on the Pacific Coast.... For this reason it seems to me that there is no subject to which Congress can better devote its attention in the coming session than the passage of a bill which shall encourage our merchant marine in such a way as to establish American lines directly between New York and the eastern ports and South American ports, and both our Pacific Coast ports and the Orient and the Philippines.”
—William Howard Taft (18571930)
“Unpleasant questions are being raised about Mothers Day. Is this day necessary? . . . Isnt it bad public policy? . . . No politician with half his senses, which a majority of politicians have, is likely to vote for its abolition, however. As a class, mothers are tender and loving, but as a voting bloc they would not hesitate for an instant to pull the seat out from under any Congressman who suggests that Mother is not entitled to a box of chocolates each year in the middle of May.”
—Russell Baker (20th century)