Transition shock: can the East get there from here

Article Abstract:

After sudden political liberalization, Eastern Europe and the Soviet Union seem poised to abandon administrative-command planning and embrace market socialism (which stops somewhere short of American-style capitalism). However, using the Soviet Union as a case in point, careful analysis of all plausible transition paths from the current system to Western-style markets suggests that prospects for success are dim. The revolution of rising expectations in the Soviet Union and Eastern Europe sparked by Gorbachev's program of political liberalization is on a collision course with the immediate possibilities for fundamental economic change. The East is likely to be politically unstable for a long period, nor can the West alter this situation with massive foreign assistance because the Eastern nations cannot utilize the credits effectively. The Western business community therefore must be very constrained in its expectations about progress in the East and should approach the issues of private investment and government aid accordingly. (Reprinted by permission of the publisher.)

Analysis, Economic policy, Eastern Europe, Soviet Union, Gorbachev, Mikhail, Europe, Eastern, Perestroika

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Here Come the 'Monster' Chips

Article Abstract:

In 1980 Trilogy Systems Corp. made industry headlines when the start-up firm announced it intended to by-pass current semiconductor technology and develop cheaper more powerful 'monster chips'. Although Trilogy eventually gave up on their efforts, others in the field are convinced they were on the right track, and the development of these super chips is being pursued by many companies and universities. Trilogy ran into various problems, not all of which they were able to overcome, but the company seemed to be a little ahead of its time, and those insurmountable problems are, today, being solved. The technology needed for 'monster chip' development is the technology of the future, and the ability to understand it will be necessary to all big electronic companies if they intend to remain competitive. A photograph is included.

Integrated circuits, Industrial research, Technology, Research and Development, Silicon Chips

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Everybody slept here

Article Abstract:

A house located at 7 Middagh Street, Brooklyn, New York, NY, was a popular residence for artists and writers between 1940-45. Such luminary figures as editor George Davis, author W.H. Auden and stripper Gypsy Rose Lee resided in the house at different points. The house no longer stands.

Column, Buildings and facilities, New York, Brooklyn, New York, New York, Literary landmarks

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