How Do You Select the Best Projects?
The Steppe Winds and the Virgin Lands
In 1953, after the death of dictator Joseph Stalin, the new Soviet leader, Nikita Khrushchev (see Illustration 15.1), became aware of the serious issues in the country’s agricultural sector. Because of the prolonged heavy investments in industrial and military growth coupled with a devastating war, the production of wheat, meat, and dairy in the Soviet Union had plummeted to historic levels. Russia, a traditional exporter of grain, was forced to buy it abroad.
Khrushchev, always an energetic and vigorous party leader, came up with what appeared to be a very creative solution to the grain shortage problem. He proposed to open up millions of ...