The shortage of foreign exchange is a problem which has affected most countries in the capitalist world at one time or another. But this problem has been of a different order under Socialist economic planning where inexorable inherent forces, operating on both import and export sides, generate a tight foreign exchange position. The planned accelerated economic development, based on rapid industrialization requiring foreign equipment, materials and technology, the unsatisfied consumer demand, the non-fulfilment of production targets and the relatively low quality of domestic products place extra demands on imports.
KeywordsForeign Exchange Socialist Country Foreign Affiliate Capitalist World Western Bank
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