The terms-of-rade effects from the elimination of state trading in Soviet-Hungarian trade.
By: Oblath, Gabor; Tarr, David.
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A reduction of the Soviet "subsidy" to Eastern European countries would impose greater transition costs on them just as they are attempting to make the drastic adjustments they need to move to market economies. How much of a cost will the switchover of their CMEA trade relations impose?
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