Definition: Stalinist Development Model

Stalinist Development Model - "the centralized planning undertaken with Communist Party dictation of preferences, state control of capital and land, high rates of investment in the capital-goods industry, collectivization of agriculture, the virtual elimination of private trade, a state monopoly trading, and a low ratio of foreign trade to GNP used by Soviet leader Joseph Stalin from 1928 to his death in 1953." - source: Economic Development 4th Edition by E. Wayne Nafziger