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The Soviet Union and the Construction of the Global Market Italy, Cold War Straggler
Published online by Cambridge University Press: 31 August 2023
Italian state and business agents, having initiated the changes in East–West relations that this book follows, then proceeded to stall on the gas-for-pipe deal. This coda documents how it was only after West Germany jumped on the project that the Italians followed, as junior partners, through the door they themselves had opened many years before. As they did so, they entered a world of proliferating finance, debt creation, and market integrations. Closing the door behind them, they left behind the world of exchanges politicized in a Cold War key, a kind of politicization they had skillfully used throughout the 1950s and 1960s to negotiate better terms from the Soviets because of the risk to the American–Italian relationship that used to entail. What they entered was precisely the world the Soviets had fought for, one where market logic and discourse was overriding.
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