Courtesy Reuters

THE rôle which the Soviet Government will play in the crucial months ahead is a principal question mark of international politics today. Among the determining factors none is more important, particularly as affecting Russo-German relations, than the state of the Soviet national economy.

The success of the first two Five Year Plans was so widely publicized by the great host of Communist fellow-travellers and liberal and socialist sympathizers outside of Russia that the U.S.S.R. was generally assumed to have become an industrial giant. This impression, strong during the early and middle thirties, has however been rapidly

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