Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience

Despite the Soviet government’s declarative efforts to engage foreign capital in rebuilding the economy during the 1920s, most concessions did not last long and were liquidated before the respective contracts expired. This article considers the conditions and key outcomes of concessi...

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Main Author: Irina V. Shilnikova
Format: Article
Language:English
Published: Voprosy Ekonomiki 2021-07-01
Series:Russian Journal of Economics
Online Access:https://rujec.org/article/51697/download/pdf/
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spelling doaj-cbb621ad841c4f0db8423b9763a14e152021-09-28T14:36:26ZengVoprosy EkonomikiRussian Journal of Economics2405-47392021-07-017216018410.32609/j.ruje.7.5169751697Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experienceIrina V. Shilnikova0Russian Presidential Academy of National Economy and Public Administration Despite the Soviet government’s declarative efforts to engage foreign capital in rebuilding the economy during the 1920s, most concessions did not last long and were liquidated before the respective contracts expired. This article considers the conditions and key outcomes of concession enterprises, as well as the reasons and mechanisms for their premature liquidation, using the textile industry as an example. The main focus is on the indicators and reasons for the high profitability of these enterprises, lending issues and Soviet methods for limiting the growth of foreign concession operator profits. https://rujec.org/article/51697/download/pdf/
collection DOAJ
language English
format Article
sources DOAJ
author Irina V. Shilnikova
spellingShingle Irina V. Shilnikova
Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
Russian Journal of Economics
author_facet Irina V. Shilnikova
author_sort Irina V. Shilnikova
title Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
title_short Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
title_full Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
title_fullStr Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
title_full_unstemmed Foreign concessions in the USSR textile industry in the 1920s and early 1930s: The public-private partnership experience
title_sort foreign concessions in the ussr textile industry in the 1920s and early 1930s: the public-private partnership experience
publisher Voprosy Ekonomiki
series Russian Journal of Economics
issn 2405-4739
publishDate 2021-07-01
description Despite the Soviet government’s declarative efforts to engage foreign capital in rebuilding the economy during the 1920s, most concessions did not last long and were liquidated before the respective contracts expired. This article considers the conditions and key outcomes of concession enterprises, as well as the reasons and mechanisms for their premature liquidation, using the textile industry as an example. The main focus is on the indicators and reasons for the high profitability of these enterprises, lending issues and Soviet methods for limiting the growth of foreign concession operator profits.
url https://rujec.org/article/51697/download/pdf/
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