Some manufacturers that produced basic sellable goods survived (steel foundries, fertilizer makers)
Some manufacturers that produced basic sellable goods survived (steel foundries, fertilizer makers)
I mean, sure, many factories were not competitive since they were highly subsidized and faced no competition on internal market. But USSR had an immense R&D potential and engineering education was top-notch.
When the price of a corporation falls below their paper assets it tends to attract A certain kind of investor disinterested in long term value. I’d venture a good number of soviet parts suppliers saw their revenues dry up when their clients were dismantled, it wouldn’t have taken more than a few such links in the supply chain being dismantled to break the entire supply chain given the level of centralization.
One country took the radical/liberalist path, another chose the one that doesn’t tarnish the economy.
As much as I hate libertarians today, in 1990s they did an awesome job.
Don't forget that prior the collapse of the USSR, ukraine was not an independant country from russia, while poland has always been "independant" during socialist times.
This was quite a classic move during the "privatisation" in '89-90.
The true reason for those who wonder was the fact that ALFA was making electronics for MiG, Su, Tu and for missiles. I had family and friends working there btw.