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Economic Motives of Cooperation of Cmea Countries in Raw Material Production (1950s - 1980s)

Bibliographic Data

ID22201952
AuthorsA A Popov (0000-0001-8992-6536), Артемий Александрович Попов (corresponding author)
Year2020
Volume4
Issue2
Pages196-204
Publication date2020-07-09
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueВестник Удмуртского университета Социология Политология Международные отношения (JOURNAL)
Journal identifiersISSN: 2587-6163 • E-ISSN: 2587-9030
PublisherUdmurt State University (PUBLISHER • RU)
DOI10.35634/2587-9030-2020-4-2-196-204
OpenAlexW3081259262
LanguageEN
Citations received2
References cited1

On the basis of archival materials of the Russian State Geological Property and Economics, the article analyzes the economic incentives for cooperation between the countries of the Council for Mutual Economic Assistance in the extraction of mineral resources. The course of the discussion on the possibility of standardizing the mutual investments of the socialist countries was reconstructed. Investment mechanisms are considered in the logic of the functioning of planned systems based on the Janos Kornai model. It was revealed that one of the key conditions for the successful implementation of projects was the possibility of increasing the inflow of hard currency for all parties involved. The individual nature of most of the implemented projects predetermined the failure of attempts to standardize this form of cooperation within the framework of the CMEA regulatory framework. Given the prevalence of bilateral relations over multilateral forms of cooperation of socialist countries, attempts to institutionalize individual forms within the CMEA framework only recorded the current situation

Business · Currency · Economic system · Economics · Incentive · Macroeconomics · Market economy · Microeconomics · Political science · Property rights · Coal and Coke Industries Research · Computer Science · Law · Russia and Soviet political economy

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Unique citing works2
Citations per year0,4
Citation span2021 - 2025 (5)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 1

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