Word: russia
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Dates: during 1940-1949
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...devaluation of the pound, resumed her fight to wipe out her dollar deficit and thus get back on her feet economically. University economists found themselves in general agreement this week that devaluation should prove a big stimulus to recovery and that there isn't much Soviet Russia can do about...
While most of the University's experts were concerned with the effect of devaluation upon Great Britain and Western Europe, two in the Harvard family were nothing the impact of the British action upon Soviet Russia...
...sense the soviet countries cannot affect devaluation because the volume of East-West trade is now low for obvious political reasons. "If England wanted to sell to Russia, devaluation would prove a big help; but as long as trade is so small it does not matter...
...Professor Leontief warned against the train of thought that devaluation will greatly add to the economic strength of the West and that consequently there should be little to fear. "Russia may be rubbing her hands right now in hopes the British worker will have to cut his tandard of living by such degrees that Communism will easily be able to take over Britain...
...chairman of the Russian research Center's economic project. Associate Professor Alexander Gerschenkrop agrees that because of the trade barriers, devaluation's overall effect on the Soviet East will be "small for the time being." But he remarked that, although Russia theoretically has been always trying to wreck the Marshall Plan, in practice she has continuously been exporting grain to western Europe, and buying some production goods in return. "Perhaps in economic policy, Russia is not so interested in discouraging western trade as we suppose...