ABSTRACT
The investment program for the first half of the 1980s promises to further exacerbate the contradictions and disproportions which arose in industry in the 1970s. Concentrating investment activity on a limited number of nearly completed projects must inevitably lead to a reduction in the number of construction projects proper, and to hypertrophy in the volume of equipment assembly and installation. Naturally, the concentration of new capital on a limited number of nearly-completed projects is an abrupt violation of the investment rhythm which had been established in Soviet industry. The predominance in industrial production of the extractive complex and industry of the early stages of processing, which is inherent to the Soviet economy, tends to intensify in spite of all efforts of Soviet leadership to overcome the tendency or at least to check its development. Even more important is the fact that there has been a decline in the number of new productive capacities put into operation in the machine-building industry.
