Economic integration in Eastern Europe

  • Balassa B
  • 3

    Readers

    Mendeley users who have this article in their library.
  • 0

    Citations

    Citations of this article.

Abstract

This paper reviews the activities of the Council for Mutual Economic Assistance (CMEA) since its establishment in 1949. It points out that, while specialization agreements have permitted the exploitation of economies of scale, technological progress has been slow. The issue of whether the Soviet Union subsidized the partner countries through trade is considered and the possibility of payments arrangements among former CMEA countries is discussed. The paper also evaluates alternative patterns of cooperation among former CMEA countries. © 1992.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • Bela Balassa

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free