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East, West, and South: the Role of the Centrally Planned Economies in the International Economy

Richard Portes and Rolf Eidem

Chapter 9 in The World Economic Order, 1981, pp 319-361 from Palgrave Macmillan

Abstract: Abstract Twenty-five years ago, the Eastern socialist countries had gone as far as they could to isolate themselves from the world economy and even from each other. Stalin’s last year saw the full consequences of the autarchic policies and severe pressures he and his local administrators had imposed on the smaller countries of Eastern Europe as well as on the USSR. The strains proved excessive, the policies impossible to implement consistently, and a new political and economic leadership took a new course.

Keywords: East European Country; Hard Currency; International Economic Order; CMEA Country; Western Market (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16488-2_10

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DOI: 10.1007/978-1-349-16488-2_10

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