• J. Wilczynski
Part of the Trade Policy Research Centre book series (TPRC)


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.


Foreign Exchange Socialist Country Foreign Affiliate Capitalist World Western Bank 


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  1. 4.
    V. I. Lenin, ‘Imperialism. The Highest Stage of Capitalism’, Collected Works, Moscow, Progress Publishers, 1964, vol. 22, p. 299.Google Scholar
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    R. S. Kretschmar, Jr, and R. Foor, The Potential for Joint Ventures in Eastern Europe, New York, Praeger, 1972, p. 59.Google Scholar
  3. 19.
    C. Levinson, International Trade Unionism, London, Macmillan, 1972, p. 174.Google Scholar

Copyright information

© J. Wilczynski 1976

Authors and Affiliations

  • J. Wilczynski
    • 1
    • 2
  1. 1.University of PittsburghUSA
  2. 2.University of New South WalesDuntroonAustralia

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