Open AccessECONOMIC MOTIVES OF COOPERATION OF CMEA COUNTRIES IN RAW MATERIAL PRODUCTION (1950s - 1980s)
Author(s) -
Попов Алексей Алексеевич
Publication year - 2020
Publication title -
vestnik udmurtskogo universiteta. sociologiâ. politologiâ. meždunarodnye otnošeniâ
Language(s) - English
Resource type - Journals
eISSN - 2587-9030
pISSN - 2587-6163
DOI - 10.35634/2587-9030-2020-4-2-196-204
Subject(s) - incentive , currency , investment (military) , production (economics) , economic system , state (computer science) , economics , property rights , business , political science , market economy , microeconomics , macroeconomics , law , computer science , algorithm , politics
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.