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This book discusses the major proposals to reform the price system in the CMEA economy and what role the price system plays. It shows how debates on that matter have naturally led into debates on reforming all intra-CMEA economic institutions.
Comecon, or the Council for Mutual Economic Assistance, was founded by Joseph Stalin in 1949 to counteract the Marshall Plan and reinforce the bonds between the Soviet Union and the "people's democracies" of Eastern Europe. Other Soviet Bloc nations later joined "Comecon, "and for forty years it dominated the trade policies of the Soviet Bloc and profoundly influenced their domestic economic development and relations with the West. "Comecon "collapsed in 1991 after the countries of Eastern Europe rejected communism. It was often compared with the (West European) Common Market, but differed vastly in its aims, structure, powers, and activities. Its influence is a critical factor in assessing both the economic failures of the Soviet Bloc and the problems facing former member states as they make the transition to free-market economies. This detailed, annotated bibliography is an essential guide to the extensive English-language literature about "Comecon "from its founding until its demise. Chapters cover "Comecon's "history, structure, and law; socialist economic integration; the organization's arrangements for international trade and finance; environment, natural resources, and energy; labor; industry and agriculture; science and technology. "Comecon, "like the rest of the Soviet Bloc, collapsed suddenly, but its legacy will color international relations and worldwide economic issues for years to come. An understanding of its institutions, mechanisms, and policies remains vital hi appreciating the economic organization of the former Soviet empire. This bibliography will therefore be indispensable to policymakers, economists, historians, and political scientists.
The Impact of International Economic Disturbances on the Soviet Union and Eastern Europe: Transmission and Response focuses on the transmission of economic disturbances to the Soviet Union and Eastern Europe, as well as the policy responses of both to such disturbances. Topics covered include external inflation, balance of trade, and resource allocation, along with the impact of the world economic crisis on intra-CMEA trade. This book is comprised of 16 chapters and begins with an overview of major international economic disturbances during the first half of the 1970s and their transmission to the Soviet Union and Eastern European countries. The following chapters examine the adjustment made by East European economies to external disturbances; external inflation, balance of trade, and resource allocation in small centrally planned economies; whether the Soviet Union was affected by the international economic disturbances of the 1970s; and the relationship between foreign trade and the Soviet economy. The transmission of international disturbances to Yugoslavia, Hungary, and Poland and the responses of each country are also discussed. The final chapter assesses how the energy crisis and Western ""stagflation"" have affected the nature of Soviet-East European political relations in the years 1956-1973. This monograph will be of interest to economists and economic policymakers.