Economic interaction between East and South – the mineral resource dimension

Abstract

Abstract Mineral imports from the “third world” are becoming increasingly important to the European CMEA countries. In 1980 more than one-fifth of their total imports came from the developing countries. Istvan Dobozi analyses the background to this situation and argues for the extension of East-South trade through closer, more direct and sophisticated forms of cooperation through compensation agreements, international consortia and joint international socialist enterprises and service agreements. He also looks at the structural changes that are necessary to carry through such a policy and stresses the mutual advantages for both parties of a stable long-term cooperation in the field of raw materials.