In This Review

The CMEA Countries in the World Economy: Turning Inwards or Turning Outwards
The CMEA Countries in the World Economy: Turning Inwards or Turning Outwards
By András Köves
Akadémiai Kiadó, 1985, 247 pp.

Improved economic relations with the West and export-oriented policies are needed by the socialist countries not only for growth and modernization but to make possible more useful cooperation among themselves within the Council of Mutual Economic Assistance. This, and many supporting points, are persuasively argued in this first-rate book by an experienced Hungarian economist. It is marked by careful, subtle analysis and plain speaking.