Wspólne przedsiębiorstwa w gospodarce krajów socjalistycznych
Joint Ventures in the Socialist Economy
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Internationalization of economic units has already become a common process in the capitalist economy, with its role in the economies of the socialist countries is growing as well. Establishment of joint ventures in the socialist countries was preceded by the resolution adopted at the 25th Session of the CMEA in July 1971, which states explicitly that the setting up of joint ventures is an expression of and should serve promotion and consolidation of co-operation and development of the socialist integration of the CMEA member countries. Creation of joint ventures is connected with satisfaction of concrete needs of the national economies of the member countries. Since establishment of joint ventures among the CMEA countries is at its initial stage, not all prerequisites indispensable for their rapid creation and effective performance have been fulfilled as yet. Provision of these prerequisites should be accelerated especially in the legislative sphere through enactment of indispensable legal acts adoption of appropriate economic solutions including wider introduction of economic-financial mechanisms.
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