Planning and Finances in the Decade After the Adoption of the Comprehensive Program in the CMEA

Analyzing the causes for the lack of success in the attainment of the real transferability of the common currency of the CMEA in the 1970's the author reviews three sets of causes. He explains that along with real economic, Institutional factors also played a role in the increase in the share of extra-regional cooperation of the turnover of individual member-states. Analyzing new developments in cooperation in planning he examines the linkage of long-term special purpose programmes with national planning systems. Analyzing the financial sphere he explains why the different partial financial improvements, envisaged by the Comprehensive Programme have not come into being. Finally he looks into the possibilities of creating a convertible national currency of a single (individual) CMEA-member-state.