Advertisement

Western Participation in Soviet Development, 1959–79

  • Georges Sokoloff

Abstract

The Soviet Union has purchased some $40 billion worth of machinery and equipment from the industrialised West, since its first major imports in 1959.1 According to the recent official declaration of a Soviet expert, the USSR’s hard currency indebtedness amounts to $20 billion. To meet its short-term payments needs, the Soviet Union has sold some 5000 tons of gold on the world market — or twice the reserves of the Bank of France. Though these amounts may seem modest on a world scale, they nevertheless reflect operations of considerable economic significance. Between 1973–78 alone, Soviet capital goods imports from the West were comparable to annual equipment investments in France, double the annual Italian level.2

Keywords

Capital Good Soviet Economy Soviet Position Productive Capital Stock World Influence 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 8.
    See especially A. Efimov, Sovetskaia industriia ( Moscow, 1967 ). The author was the Director of the economic research institute of the Gosplan and one of the leading personalities in the mixed Franco-Soviet group on reciprocal economic information.Google Scholar
  2. 12.
    V. Krasovskii, ‘Investitsionnyi protsess i ego sovershenstvovanie’, EKO, 1975–1, pp. 16–31.Google Scholar
  3. 17.
    Cf. J. Bognar, ‘The role of East-West economic relations in promoting European Cooperation’, Acta Oeconomica 6, No.1–2 (1971), 5–25. This outstanding study has many indications about the weight of ’structural’ concerns in the foreign trade of Soviet-type planned economies.Google Scholar
  4. 18.
    Cf. S. Strumilin, Nash mir cherez 20 let (Moscow, 1964 ).Google Scholar
  5. 20.
    G. Sokoloff, ‘Sources of Soviet Power: Economy, Population, Resources’, in Prospects of Soviet Power in the 1980s - Part 1 Adelphi Papers, No.151, The International Institute for Strategic Studies, 1979.Google Scholar
  6. 21.
    D. Fokin, Vneshniaia torgovlia SSR, 1946–1963 gq. (Moscow, 1964), pp.186–7.Google Scholar
  7. 24.
    D. Gvishiani, ‘Nauchno-tekhnicheskaia revoliutsiia, obshchestvo i chelovek’, Pravda 23 June 1978.Google Scholar
  8. 28.
    G. Sokoloff, ‘Malentendus entre l’Est et l’Ouest’, Politique internationale (1979), No. 3, 85–98.Google Scholar

Copyright information

© Giuseppe Schiavone 1982

Authors and Affiliations

  • Georges Sokoloff
    • 1
  1. 1.Groupe d’Etudes Prospectives InternationalesParisFrance

Personalised recommendations