Abstract
The rate of economic growth is a major problem of the socialist countries' economy. On this rate depend the period of time to achieve their socialist and communist transformations, as well as the outcome of their economic competition with the advanced capitalist countries. The development rates are inseparably linked with strengthening the economic and political power of each socialist country and the entire socialist system, as well as with their capacity to exert a decisive influence on the course of world history. Mankind's progress in each historical epoch has always been determined by new socio-economic relations which provide full scope for faster growth of productive forces and cultural potentialities, i.e., are progressive economically and politically.
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