Although General Secretary GorbacheV's policy of openness has
received much attention and analysis, this is among the first books
to evaluate the practical meaning of perestroika for U.S.
corporations. Written for executives and managers responsible for
international business operations, U.S. Commercial Opportunities in
the Soviet Union is a timely and highly readable examination of
trade and direct investment prospects in the USSR under the present
regime. The authors discuss the major critical variables--such as
Soviet systemic barriers and the narrow character of planned Soviet
import demand--that should influence any company's decision to do
business in the Soviet Union. They explain the mechanics of dealing
with the USSR, and offer the information necessary for the reader
to decide the potential significance of outward-looking Soviet
Union for his or her own firm.
Following an introductory overview, the book begins by
addressing the micro- and macroeconomic aspects of exporting to
Russia. Here the authors identify specific sectors in which
American firms can greatly increase their sales to Russia, while
warning that certain areas remain essentially closed to U.S.
manufacturers. In subsequent chapters the authors explore
opportunities for direct investment via joint enterprises with
Soviet partners, demonstrating that this form of activity presents
greater risks but also greater potential rewards to U.S. firms than
trade. The final chapter explores the prospects for U.S. commercial
interests in Russia. The authors examine the growth of Soviet
external debt in terms of its possible effects on Russia as a
competitor of and collaborator with American firms in third country
economies. They conclude that should GorbacheV's vision of Russia
as a global economic power become a reality, American firms may
well face a new, potent source of low-cost competition
overseas.
General
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