The Impact of External Shocks on Centrally Planned Economies: Theoretical Considerations

Richard Portes

Chapter 29 in Structural Change, Economic Interdependence and World Development, 1987, pp 409-425 from Palgrave Macmillan

Abstract: Abstract Interest in the foreign trade and finance of centrally planned economies (CPEs) is relatively recent. Until the late 1970s, even less attention was devoted to the impact of external shocks on CPEs, partly because it was thought that the planning system insulated the domestic economy from the effects of such shocks. The USSR, as the largest and most self-sufficient CPE, was thought particularly immune to influence from the foreign sector.

Keywords: Foreign Trade; External Shock; World Market Price; Domestic Prex; Soviet Economy (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-18840-6_29

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DOI: 10.1007/978-1-349-18840-6_29

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