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Abstract

The reliance on the extensive sources of growth in the Socialist countries in the past also found its reflection in foreign trade. This was most evident up to the early 1950s, when each country strove towards the ideal of self-sufficiency, particularly in industrial production and raw materials. Imports were strictly controlled and limited almost exclusively to industrial equipment and other producer goods, primarily to widen the manufacturing base by establishing new enterprises and industries.

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References

  1. Z. Kamecki, J. Soldaczuk and W. Sierpinski, Migdzynarodowe stosunki ekonomiczne (International Economic Relations), Warsaw, PWE, 1964, P. 504.

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  2. A. Wakar, Handel zagraniczny w gospodarce socjalistycznej (Foreign Trade in a Socialist Economy), Warsaw, PWN, 1968, p. 313.

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  3. L. Ács, A szocialista pénz elmélete (The Theory of Socialist Money), Budapest, KéJK, 1966, p. 299.

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© 1972 J. Wilczynski

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Wilczynski, J. (1972). International Specialization and Trade. In: Socialist Economic Development and Reforms. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01255-8_14

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