based on Financial Times report
Outspoken criticism of Communist Burope!s Council for Mutual Heonomic Aid has been made by..Professor Imre Vadja...(who) is widely regarded as one of the foremost Communist authorities on international trade relations, Professor Vadja stated that Comecon was stagnating in a speech fully reported in the official monthly of the Hungarian Communist Party, Tarsadalmi Sgzemle.
eooehGalistic prices and effective cost comparisons were re mired to overcome - structural crisis in Comecon....eComecon growth of trade, particularly in engineering products, has failed to keep pace with the B.8.Cee Trade between the Common Market countries in 1958-60 almost doubled, but that between Comecon member states only expanded by E60be During the past five years exports of machinery in the capitalist world rose twice as fast as total exports, while the Soviet Union and its Huropsan partners raised exports of machinery a mere 9% faster than the general level of exports.
escce Comecon lacks specialisation in engineering. Thus, only about 5% of the rolled steel products, 3% of the locomotives and 6 to 8% of the wheat combines and tractors produced by the Communist countries found their way into. intro=bloc tradeee.a.-Without comparable prices reflecting relative scarcities the less developed countries of Comecon could not be convinced of the advantages that they were going to get from giving up the manfacture of certain production lines or groups of © products.
eeoedsS the editorial board of the magazine includes prominent members of the lungarian Party's Central Committee, itis safe to assume that the above devasting criticisms made by Professor Vadja meet with the partial - or possibly wholehearted — approval of Premicr Kadar.