Date of Completion
Spring 5-9-2010
Thesis Advisor(s)
Xenia Matschke
Honors Major
Economics
Disciplines
Economics | Finance | International Economics
Abstract
This paper establishes an overview of the variables and constraints that affected trade in the Council for Mutual Economic Assistance. It explores the origins of COMECON, the demographic and resource distribution of the member nations, and the role of trade in a centrally planned economy. The paper’s primary focus is on the emergence of a bilateral trade structure, the faulty price mechanism, and the nonconvertibility of currencies. The paper documents the origins and relationships between the constraints of trade within COMECON, and argues that ultimately, these constraints prevented COMECON from fully achieving its economic objectives.
Recommended Citation
Bokoff, Michael S., "The Framework of Trade in the Council for Mutual Economic Assistance" (2010). Honors Scholar Theses. 129.
https://digitalcommons.lib.uconn.edu/srhonors_theses/129