One of the major changes which Gorbachev has made in the Soviet Union is to begin to dismantle the state monopoly of foreign trade. Foreign economic links can now be set up at enterprise level. Foreign capital is invited to participate in joint ventures with Soviet firms. The Soviet government has announced its desire to join GATT and the IMF. How far have th changes gone in practice? What are the prospects for success? What are the implications of this new approach for the Soviet Union and the West? This paper tackles ...
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One of the major changes which Gorbachev has made in the Soviet Union is to begin to dismantle the state monopoly of foreign trade. Foreign economic links can now be set up at enterprise level. Foreign capital is invited to participate in joint ventures with Soviet firms. The Soviet government has announced its desire to join GATT and the IMF. How far have th changes gone in practice? What are the prospects for success? What are the implications of this new approach for the Soviet Union and the West? This paper tackles these questions and sets current foreign trade reforms in the wider context of perestroika and foreign policy "new thinking" in the Soviet Union.
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