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Prologue

The Grain Crisis, 1963

Published online by Cambridge University Press:  31 August 2023

Oscar Sanchez-Sibony
Affiliation:
The University of Hong Kong
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Summary

Despite reports to that effect, the grain crisis of 1963 did not introduce the Soviet Union to global trade. The crisis, however, did epitomize the kinds of problems the Soviets encountered in their drive to intensify their engagement with global exchange. Coming as it did in the compartmentalized world of Bretton Woods, the negotiations to import large amounts of grain from Canada and the United States subjected the Soviets to deal-making practices that ran through political agents rather than market agents. It illustrated for the Soviets the gains that could be made in setting these practices on a market basis. It also showed the extent to which the creation of the kind of market relations the Soviets aspired to undermined North American labor interests, a dynamic that became a feature of the post–Bretton Woods era – and which had the Soviet Union for an ally.

Type
Chapter
Information
The Soviet Union and the Construction of the Global Market
Energy and the Ascent of Finance in Cold War Europe, 1964–1971
, pp. 39 - 50
Publisher: Cambridge University Press
Print publication year: 2023

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  • Prologue
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.002
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  • Prologue
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Prologue
  • Oscar Sanchez-Sibony, The University of Hong Kong
  • Book: The Soviet Union and the Construction of the Global Market
  • Online publication: 31 August 2023
  • Chapter DOI: https://doi.org/10.1017/9781108993555.002
Available formats
×