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The CMEA system of trade and payments : the legacy and the aftermath of its termination (الإنجليزية)

This paper describes the Council for Mutual Economic Assistance (CMEA) system of trade and payment (the "CMEA regime") and considers how the transition from traditional socialism to a market economy is linked to changes in the mechanism for international transactions. The paper begins with a brief history of the CMEA and a description of its organizational structure, institutional principles, and reform efforts. It then provides a brief statistical...
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