A framework for analysis of bilateral trade and countertrade : the case of the Council for Mutual Economic Assistance (CMEA) countries (Английский)

The theory of international trade has paid little attention to the issues that arise when bilateralism is an important element of a country's trade relations. Such a lacuna impedes the ability of the economic analyst to assess creditworthiness and to formulate policy advice for countries that conduct a significant share of trade within the framework of bilateral agreements. Moreover, the analyst also faces difficulties in merely evaluating the information...
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