Чехословакия и Съветът за икономическа взаимопомощ
Czechoslovakia and the Council for Mutual Economic Assistance

Summary/Abstract: The inclusion of Czechoslovakia in the Council for Mutual Economic Assistance (CMEA) brought about drastic changes in the hitherto existing economic relations in the country. The industry built up in the Czech lands between the two World Wars lost access to the world markets and subjected to the new realities, gradually was losing the competitiveness of its goods. At the expense of the Czech industry, the newly built Slovak industry depended only on the import of Soviet raw materials. In the long run both industries, deprived of genuine competition, manufactured goods which did not meet the international standards, the productions lagged drastically in a technological respect. Besides that, CMEA functioned above all by the implementation of central decisions which were not of an economic but of a political character. The Council for Mutual Economic Assistance remained above all a political and not an economic alliance, owing to which after the end of the Soviet Bloc came also the end of CMEA.

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