from PART 2 - CMEA ECONOMIC INVOLVEMENT IN THE THIRD WORLD
Published online by Cambridge University Press: 06 July 2010
The Council for Mutual Economic Assistance (CMEA) is a mixed organization. Apart from the USSR and Eastern Europe it includes three developing countries: Mongolia, Cuba and Vietnam. Mongolia was admitted in 1962 with few problems, probably because of its low population. Cuba entered in 1972 after a long delay, and Vietnam joined in 1978 in spite of opposition by at least one industrialized member, Czechoslovakia. Among those developing countries with the status of observers, Laos failed to gain admission once and Mozambique has been rejected twice.
This chapter will concentrate on only one very important aspect of foreign economic relations of the three developing members of CMEA, namely the foreign trade sector. The foreign trade of developing countries is generally characterized by an extreme dependence on one or a few partners and/or commodities; by a predominance of raw materials and intermediate goods in their exports, and of machinery and equipment, together with fuels and foodstuffs, in their imports; by a high degree of vulnerability to price fluctuations in the world market; and, lastly, by huge trade deficits. With these facts in mind, it is useful to try to determine whether joining the CMEA has meant the end of dependency relations for the three countries in question or rather the transformation of their old bonds into new, more sophisticated ones.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.