| Abstract: | Improvement of the economic mechanism of reciprocal cooperation of CMEA Council for Mutual Economic Assistance] countries is an urgent problem in the present stage of socialist economic integration. Participants in the Economic Summit Conference of CMEA Countries (1984) noted that "there are still considerable reserves for expanding reciprocal cooperation, for increasing specialization and cooperation in production, and for increasing reciprocal trade in the interest of more effective utilization of the production and scientific-technical potential of fraternal countries, and for improving the well-being of their peoples." The effective utilization of these reserves presupposes in particular the more complete utilization of commodity and monetary instruments of cooperation and especially improvements in pricing in reciprocal trade and in the functioning of the currency relations that serve this trade. |
