DISCUSSION.

This article presents discussion on the economic performance of the communist countries. According to the author, In a highly centralized economy, the way to make headway quickly is to concentrate on easy tasks and neglect difficult ones. The trouble with this procedure is that some day the bill has to be paid, and it turns out to be higher than it would have been if problems had been properly dealt with as they arose. Neglect of some critical tasks simply because they are difficult means that all tasks gradually become less tractable. Eventually they all become too difficult for the system to manage. According to one of the article published in the journal "American Economic Association," the Soviet economy has achieved remarkable growth, but this very growth, accompanied by compounded complexities in the economy, now threatens to break down the machine that generated it. In another article of the same journal, the author focuses on the efficiency of the economy of Yugoslavia. One of the other article discusses about the postwar industrialization of Rumania. According to the article, Rumanian industrial output grew between 1948 and 1960, 4.6 times as against 4.9 times claimed officially.