More than most of the economies of Eastern Europe that made up the Council for Mutual Economic Assistance (CMEA), the Czechoslovak economy had depended on the Soviet Union for low-cost raw materials imports, and assured export markets. This strong trade, and technological dependence, slowed technological development in the country, and created a distorted industrial structure. While Czechoslovakia had avoided excessive indebtedness, and maintained...
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INFORMATION
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1992/12/31
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Document de travail (série numérotée)
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25403
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1
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1
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2010/07/01
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Czechoslovakia : integrating into the global economy - a transition strategy
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terms of trade shock
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