Trade Policies of the former USSR

glevy at acnet.pratt.edu glevy at acnet.pratt.edu
Sun Feb 4 08:37:20 MST 1996


LYNN TURGEON, PROFESSOR EMERITUS OF ECONOMICS, HOFSTRA UNIVERSITY, wrote:

> As soon as the Nazis got back to full employment -- as a result of deficit
> financing and a neut ralized monet ary policy -- they adopted the same 
> foreign
> trade policy as the former Soviet Union. Imports became the fruits of foreign
> trade and export s the costs. This was also the position of Adam Smith in
> answering the mercantilists. Lynn ecoelt at vaxc.hofstra.edu
-----------------------
Hi, Lynn. We have a common friend, BTW, in Mary Rose L.

I don't really understand the above as it applies to the USSR:

(1) What time period are you talking about? The '30's? The '80's?

(2) Do you mean foreign trade between the USSR and other "socialist" 
nations (i.e. COMECON)? Or do you mean trade between the USSR and 
capitalist nations?

(3) Isn't it important to remember the relative isolation of the Soviet 
economy and its lack of integration in the world capitalist economy and 
for most of its history the lack of reliance on imports from capitalist 
economies?

(4) As regards exports and the prices paid for imports, weren't there 
foreign policy (i.e. political) considerations as well that affected 
trade policy (e.g. consider trade policy towards Africa)?

Jerry




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