chapter  2
6 Pages

The Re-armament of the U.S.S.R., 1934-41

The national income forms, as before, the best startingpoint for the discussion. The most daring and comprehensive attempt to evaluate it in terms which make it comparable with those in other countries is that of Mr. Colin Clark in his Critique of Russian Statistics, which gives a broad picture of the Russian economy in 1934, and another one, based on much less reliable information, of the economy in 1937. In terms of sterling at British prices of the former of these years, he finds it equivalent to £3,546 million in 1934 and £4,980 million in 1937-an increase of 40 per cent., bringing it in 1937 to about tfre same level as that of the United Kingdom. According to this, therefore, average output per head in the U.S.S.R. was in 1937 about a third of that in the United Kingdom, and of the same general magnitude as in Poland, Japan, and Italy.