Economic Aid to the Soviet Union

Mr. Sachs, co-author of a proposal to give $30 million in aid to the Soviet Union, discussed the role of Soviet President Gorbachev in the Economic Summit of the Industrialized Nations. The proposal, entitled “The Grand Bargain,” is on the table at the economic summit. He discussed the process by which the Soviet Union must adopt a market economy in order to cure its extensive financial crisis, and must begin political democratization in order to pacify its new political allies and its own citizens.

Watch the interview here: https://www.c-span.org/video/?19247-1/economic-aid-soviet-union