The Position of Czechoslovakia in the World Economy

Abstract

If we determine the position of any country in the world economy, we must monitor this position in a twofold sense, in the formal sense and in the absolute sense. The formal status is given by the socio-economic form, i.e. the ruling type of production relations. The formal position of socialist countries in relation to each other is therefore equal, while the formal position of countries belonging to the world system of capitalism may be unequal, for example, when it comes to the relationship between an economically developed country and an economically less developed country. It is also about the unequal formal status of countries in the relationship between a socialist country and a capitalist country. The absolute structure of the country is determined by the economic level, or the ratio of the economic levels of different countries. The absolute position of a country in the world economy therefore depends on the amount of social labor  expended in a certain social form (simple labor, private labor, capital, etc.) put into the creation of the social product of a given country, and this is calculated per inhabitant . In this sense, the position of countries in the world system of capitalism and socialism is mostly unequal.