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Economic relations among Comecon members under the 1976–80 plans

Published online by Cambridge University Press:  26 October 2009

Michael Kaser
Affiliation:
Professorial Fellow and University Reader in Economics, St. Antony's College, Oxford

Extract

Thirteen years – almost to the day – after formulating its Basic Principles of the International Socialist Division of Labour, at a ‘Summit’ of Communist Party First Secretaries (in Moscow in June 1962), Comecon established its Agreed Plan for Multilateral Integration Measures, at a meeting of Heads of Government in Budapest in June 1975. The causes of delay to economic integration within Eastern Europe's trading bloc have been political, but the foundation of the body in 1949 was as political in origin as was the renewed impetus given to economic collaboration by the invasion of Czechoslovakia in 1968. Indeed, as a brief retrospective readily shows, international politics have been instrumental in every turning-point in Comecon's life of 27 years (one fewer than its nearest Western counterpart the O.E.E.C, since 1961 the O.E.C.D.).

Type
Research Article
Copyright
Copyright © British International Studies Association 1976

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References

page 118 note 1 Bulgaria, Czechoslovakia, Hungary, Poland and Romania as founder members (Jan. 1949), Albania was admitted a month afterwards but the G.D.R. was not accepted until the end of Sept. 1950, just a year after the Federal Republic had been brought into the O.E.E.C.

page 120 note 1 Albania, not a Helsinki signatory, had left participation in Comecon in 1962 but, though it resigned from the Warsaw Pact in 1968, it is nominally still a member.

page 121 note 1 All these three officials have since lost their posts.