The Future of Socialist Economic Integration

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The Future of Socialist Economic Integration

By Kálmán Pécsi
Sharpe, 1981
190 pp. $20.00

Among the major difficulties that the Soviet Union and its East European allies have faced in trying to integrate their economies have been the poor quality of their manufactured goods, isolated national price structures, the deficiencies of the payments arrangements built on the transferable ruble, and the tension between national planning and international specialization. These and other important, often delicate, issues are dealt with in a straightforward and authoritative way by a Hungarian economist who has been involved for years in the work he discusses. This is one of the best books on this subject in English.

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