ABSTRACT
Integration into the world economy is the central aim of the modernization attempted by the Soviet economy. The Soviet leadership thereby accepts the guiding principle of the modern Western industrial states which have long realized that the advantages of a global division of labor outweigh the drawbacks of dependence on the uncertainties of the world economic developments. The latitude to activate reserves from the sale of gold and weapons is narrow anyway, since pushing gold sales reduces its price, while greater weapons sales would negatively affect the image of Soviet foreign policy which rather needs improvement. In the preparatory phase can be found new laws and decrees about presentation of accounts and auditing, on commercial risk insurance in Soviet exports, on joint stock companies, consumer protection, economic activities of Soviet enterprises abroad, as well as a comprehensive foreign trade law.
