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World Socialist Economic System
 

World Socialist Economic System, combined national economic complexes of sovereign socialist states tied closely together in comprehensive economic and scientific cooperation, the international socialist division of labour (see Division of Labour, Socialist International), and the world socialist market (see World Market, Socialist). The world socialist economic system emerged as the result of the operating of objective laws of historical development. Even within the capitalist system, there appear material conditions for the emergence of a world socialist economic system, in terms of the objective tendency towards the internationalisation of economic relations. Lenin noted that "a tendency towards the creation of a single world economy, regulated by the proletariat of all nations as an integral whole and according to a common plan ... has already revealed itself quite clearly under capitalism and is bound to be further developed and consummated under socialism" (V. I. Lenin, Collected Works, Vol. 31, p. 147). The international socialist division of labour produces this relationship of the production facilities of several countries, which leads to a special community of economic life moulded by the effect of the economic laws of socialism. And thus a world socialist economic system is crystallised. Economic relations within this system represent inter-state economic relations of a new type founded on complete equality, national independence, sovereignty, and fraternal mutual assistance and cooperation. The community of socioeconomic system, comradely cooperation and mutual assistance in the economic, political and cultural spheres are very clearly manifested in the principle of socialist internationalism, which means the coordination of the interests of each country with the interests of the entire socialist community, and the relevant adjustment of the national and international economic components. Meanwhile, each socialist country tries to achieve the maximum use of its own internal resources to benefit cooperation with the fraternal countries and consolidate the world socialist system. Dominating in the countries forming the world socialist economic system are socialist relations of production, social property in the means of production which provides a solid ground for their close systematic cooperation in the sphere of economic relations and for the consistent coordination of their economic development. Systematic cooperation is realised above all in the coordination of the national economic plans of socialist countries, the joint planning of certain industries and types of production, as well as drawing up longterm special cooperation programmes, and implementation of the coordinated plans for integration projects. Contrary to the world capitalist economic system, where the law of the uneven economic and political development of capitalism in the age of imperialism operates, the law of the world socialist economic system is the evening out (rapprochement) of the economic development levels of the socialist countries. Thanks to the generous assistance and cooperation of other socialist countries, formerly less developed countries are able to accelerate their development and raise their economic level to that of more devel- ’ oped countries. The advance of the world socialist economic system is stable and 397 dynamic. The most diversified and solid ties within the world socialist economic system have been established among the member countries of CMEA. Now the socialist community has become the most dynamic economic force in the world. Cooperation among the socialist countries united in the Council for Mutual Economic Assistance has reached the next, higher stage made possible by their economic integration (see Integration, Economic Socialist).

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