Chapter

External Economic Relations

János Kornai

in The Socialist System

Published in print May 1992 | ISBN: 9780198287766
Published online November 2003 | e-ISBN: 9780191596551 | DOI: http://dx.doi.org/10.1093/0198287763.003.0014

Series: Clarendon Paperbacks

 External Economic Relations

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Various aspects of the external economic relations of socialist countries are examined. The first section of the chapter looks at the external relations of socialist countries with various different categories of countries in the light of the ideological tenet of the classical system that socialism is surrounded by enemies intent on destroying it. The institutional system of socialist external economic relations is then described. The next two sections describe the behaviour of socialist countries, and economic trends in foreign trade and financial relations, first with capitalist countries, and then with other socialist countries. The last section looks at the attempts of socialist countries at integration, specifically describing the establishment and operation of the Council of Mutual Economic Assistance (CMEA, known in the West as Comecon).

Keywords: capitalist countries; CMEA; Comecon; Council of Mutual Economic Assistance; external economic relations; financial relations; international trade; socialist countries

Chapter.  11644 words. 

Subjects: Economic Systems

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