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Soviet Commodity Power in International Economic Relations

In: The Soviet Impact on Commodity Markets

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  • Raymond Vernon

Abstract

The debate over the size of the Soviet Union’s “commodity power” has been with us for a long time. The question can hardly be avoided. A nation of 265 million people with a gross national product exceeded only by that of the United States has centralized its decisions on the production, export, and import of its commodities. Few other countries leave such decisions wholly to the vagaries of the market place. But the Soviet Union stands out in two respects. Apart from the People’s Republic of China, it is by a considerable margin the largest of the nations that have made the choice to centralize. And its centralizing controls, with no important exceptions, are the most rigorous on earth.

Suggested Citation

  • Raymond Vernon, 1984. "Soviet Commodity Power in International Economic Relations," Palgrave Macmillan Books, in: M. M. Kostecki (ed.), The Soviet Impact on Commodity Markets, chapter 1, pages 6-14, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06513-4_2
    DOI: 10.1007/978-1-349-06513-4_2
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