Investment activity in the Soviet Union is presently undergoing a decline hitherto unknown in the history of the nation: The growth of capital investment has stopped, while levels of production have fallen. One important factor in this phenomenon is the Soviet policy of reindustrialization—shifting new investments into the expansion and improvement of existing facilities—which severely limits capital available for new construction. In this book, Dr. Rumer examines current Soviet investment policies and assesses their impact on economic development, especially in Siberia....