The Council for Mutual Economic Assistance (CMEA) was established by Bulgaria, Czechoslovakia, Hungary, Poland, Romania and the Soviet Union in 1948 as a response to the Marshall Plan. But unlike the Marshall Plan it provided no financial assistance to its member countries and its activities were limited to trade in the framework of bilateral and multilateral negotiations. Because of centralized decisionmaking, the lack of price signals and the bilateral...
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1991/03/31
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Documento de trabalho sobre pesquisa de políticas
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WPS636
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1
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1
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2010/07/01
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Economic integration in Eastern Europe
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central american common market
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