The impact of technology transfer from the West on the Soviet economy has challenged both scholars and policymakers. The major characteristic of this subject is the dichotomy of views among economists in evaluating the contribution of imported capital to the Soviet economic growth. The early literature has claimed that the Soviet growth has relied entirely on borrowed technology from the West. Recent studies, though, cast doubt on the significance of imported capital in Soviet growth. This paper posits that the role of the imported capital in the Soviet technological advancement has been granted an exaggerated weight.
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