Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance

CMEA evolution is considered using the concept of a life cycle. Entry into individual stages of the life cycle depends on the compliance of integration institutions with internal and external development factors of the participating countries, the ratio of integration and national identity. The CMEA...

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Autor principal:	L. B. Vardomskiy
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2020
Materias:	cmea life cycle institutions national interests identity ussr cee countries integration project plan coordination specialization market reforms eu post‑soviet integration russia International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/9b0b314b1b8047a489f844f0fb69c8b4
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spelling	oai:doaj.org-article:9b0b314b1b8047a489f844f0fb69c8b42021-11-07T14:45:04ZForgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance2542-02402587-932410.23932/2542-0240-2020-13-3-10https://doaj.org/article/9b0b314b1b8047a489f844f0fb69c8b42020-08-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/642https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324CMEA evolution is considered using the concept of a life cycle. Entry into individual stages of the life cycle depends on the compliance of integration institutions with internal and external development factors of the participating countries, the ratio of integration and national identity. The CMEA analysis allows us to assess the dynamics of modern integration projects important for Russia. The main reasons for the collapse of the CMEA were the overestimation of the role of planned instruments and the underestimation of the role of monetary instruments, collective import substitution (autarky) and technological weakness, primarily the USSR, as a leader in the integration process. To modernize their industry, the CMEA countries, under conditions of detente, increased imports of equipment from Western countries. The country’s budget deficit arising in connection with the growth of external debt was forced to solve by raising prices for consumer goods and services, which caused social discontent. Delays in market reforms exacerbated the situation. The “perestroika” that began in 1985 in the USSR, brought about drastic changes in domestic and foreign policy and gave a “green light” to market transformations in CEE countries. Despite the failure, CMEA made a significant contribution to the development of global regionalization processes. It was part of the bipolar world order and supported strategic stability in the world, contributed to the improvement of European integration institutions, especially in terms of planning the integration process and creating mechanisms for converging the levels of development and welfare of the participating countries. The CMEA experience has shown that in order to meet the growing complexity of the international economic, it is necessary to create the corresponding integration and national institutions of the participating countries. The central issue of the effectiveness of integration is the acquisition by the participating countries of such specialization, not only within the framework of the integration association, but also of the global economy as a whole, which will ensure their sustainable income. In the course of evolution, modern integration associations will change functions and institutions, the composition of participants, enter into larger alliances, but are unlikely to disappear from the world economy as CMEA.L. B. VardomskiyАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articlecmealife cycleinstitutionsnational interestsidentityussrcee countriesintegration projectplan coordinationspecializationmarket reformseupost‑soviet integrationrussiaInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 13, Iss 3, Pp 176-195 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	cmea life cycle institutions national interests identity ussr cee countries integration project plan coordination specialization market reforms eu post‑soviet integration russia International relations JZ2-6530
spellingShingle	cmea life cycle institutions national interests identity ussr cee countries integration project plan coordination specialization market reforms eu post‑soviet integration russia International relations JZ2-6530 L. B. Vardomskiy Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
description	CMEA evolution is considered using the concept of a life cycle. Entry into individual stages of the life cycle depends on the compliance of integration institutions with internal and external development factors of the participating countries, the ratio of integration and national identity. The CMEA analysis allows us to assess the dynamics of modern integration projects important for Russia. The main reasons for the collapse of the CMEA were the overestimation of the role of planned instruments and the underestimation of the role of monetary instruments, collective import substitution (autarky) and technological weakness, primarily the USSR, as a leader in the integration process. To modernize their industry, the CMEA countries, under conditions of detente, increased imports of equipment from Western countries. The country’s budget deficit arising in connection with the growth of external debt was forced to solve by raising prices for consumer goods and services, which caused social discontent. Delays in market reforms exacerbated the situation. The “perestroika” that began in 1985 in the USSR, brought about drastic changes in domestic and foreign policy and gave a “green light” to market transformations in CEE countries. Despite the failure, CMEA made a significant contribution to the development of global regionalization processes. It was part of the bipolar world order and supported strategic stability in the world, contributed to the improvement of European integration institutions, especially in terms of planning the integration process and creating mechanisms for converging the levels of development and welfare of the participating countries. The CMEA experience has shown that in order to meet the growing complexity of the international economic, it is necessary to create the corresponding integration and national institutions of the participating countries. The central issue of the effectiveness of integration is the acquisition by the participating countries of such specialization, not only within the framework of the integration association, but also of the global economy as a whole, which will ensure their sustainable income. In the course of evolution, modern integration associations will change functions and institutions, the composition of participants, enter into larger alliances, but are unlikely to disappear from the world economy as CMEA.
format	article
author	L. B. Vardomskiy
author_facet	L. B. Vardomskiy
author_sort	L. B. Vardomskiy
title	Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
title_short	Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
title_full	Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
title_fullStr	Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
title_full_unstemmed	Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance
title_sort	forgotten integration: the failure and lessons of the council of mutual economic assistance
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2020
url	https://doaj.org/article/9b0b314b1b8047a489f844f0fb69c8b4
work_keys_str_mv	AT lbvardomskiy forgottenintegrationthefailureandlessonsofthecouncilofmutualeconomicassistance
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Forgotten Integration: The Failure and Lessons of the Council of Mutual Economic Assistance

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