ABSTRACT

The economies of the United States and the former Soviet Union are involved in a transition from traditional economies, whose characteristics became firmly entrenched between the 1930s and the 1950s, to more competitive marketoriented global systems. There are some important similarities and differences between these transitions, but it seems fairly clear that to be successful in more competitive, knowledge-intensive economies, both the U.S. and the former Soviet economies must achieve some of the same outcomes.