`Alan Smith's new book gives an excellent account of an important subject: Russia's attempt to integrate her economy into that of the world at large... The book as a whole is sober, balanced and informative... it summarises established knowledge and reviews existing rival interpretations of the workings of the old Soviet foreign trade system and their implications for Russia's future. This Alan Smith does succinctly and well. There is also, however, a story line based on Smith's own earlier work that gives the book a thrust of its own. This is also convincingly done... this study will be of considerable value to advanced students and to a specialist readership.' - Professor Philip Hanson, Slavonic and East European Review`This book offers an interesting description of postwar trade between the Soviet Union and non-communist world. Smith presents a well documented account of imports of grain and macinery, and exports of oil and arms.' - Bert Van Selm, University of Groningen

• List of Tables Preface 1. From the Soviet Union to Russia 2. Russian and Soviet economic development and foreign trade 3. The organisation of foreign economic relations 4. The Soviet economic system and the demand for imports 5. Soviet hard currency earnings 6. Soviet economic reforms and reform debates under Gorbachev 7. The reform of foreign economic relations under Gorbachev 8. Problems in exporting under Gorbachev 9. Soviet balance of payments pressures 1985-91 and their impact on the economy 10. The Transition to a Market Economy in Russia 11. Russian external trade and economic relations 12. Russia and the world economy: problems of integration and the role of the West. Bibliography Index