ABSTRACT
The formal resignation of Soviet President Mikhail Gorbachev on December 26, 1991, and the dissolution of the central Soviet government has led to the creation of a host of new successor states. Incorporating a huge expanse, the former Soviet republics differ greatly in the structure of their economies ranging from Latvia’s concentration in light industry to the monoculture of cotton production in the Central Asian republics. Performance has also varied over the past decade. The purpose of this paper is to review recent economic developments in each of the former Soviet republics. The focus on the economic performance of the republics is on developments in national income, industry, agriculture, consumer welfare, and foreign trade.
