ABSTRACT

The announcement of a course toward unification of planning principles and the broad development of commodity-money relations was a key factor here. Of course, this was just a beginning in the enormous task of expanding economic independence and making the transition to economic management controls. Rapid stabilization made it possible to pursue these reforms calmly, systematically, and steadily, with every chance of success. New priorities in investment policy were adopted, with emphasis placed on accelerating the development of machine-building as the basic foundation of scientific and technological progress, and the reconstruction of the national economy. Economic experimentation, freeing economic activity from petty guardianship and regulation, rejection of egalitarianism—these are the steps in the only feasible process to improve the economy. Successful economic reform of course was not possible without changes in forms of ownership and management. Lithuania found itself essentially in international isolation, although its leadership was graciously hosted in the capital cities of many states.