Comecon and the Unification of International Trade Law

Comecon has achieved a goal long sought by the West: putting into effect a broad unification of international trade law. In 1958 each Comecon country adopted the Comecon General Conditions for the Delivery of Goods. Since then the General Conditions have regulated with the force of law every contract for the sale of goods between the Comecon countries. These General Conditions are a broad unification of both substantive law and conflict of laws rules.

The Hungarian Economic Reform

The Hungarian economic reform was introduced in the beginning of 1968. It clearly represents the most radical postwar change, in the economic system of any COMECON country, which has been maintained over a period of years and gives promise of continuity. It has rightly been heralded as a major shift to decentralization, since centralized physical planning of the activities of enterprises was essentially ended widi its introduction. But a study of the new economic mechanism's functioning at the enterprise level, three years after its introduction, suggests a somewhat different interpretation of the reform from the ones most commonly given.