Annual Report on the Activities of the Subcommittee on General Economic Analysis for Fiscal Year 1967

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00283R000200070012-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 9, 2016
• Document Release Date: September 24, 1998
• Sequence Number: 12
• Publication Date: July 6, 1967
• Content Type: MF

-Approver Release 2001/03/05: CIA-RN*2-00283R000200070012-6
EIC/GEA 5-67
6 July 1967
N OI ANWM FOR: The EIC Secretariat
FROM : Chairmen, EIC Subco ittee on General Economic
Analysis (EIC/GFA/SC)
SUBJECT : Annual Report on the Activities of the Subcommittee
on General Economic Analysis for Fiscal Year 1967
A. Activities of the Subcommittee During Fiscal Year 1967
1. Review of the Intelligence Product in the Subcommittee's Field
of Competence
None.
2. Research and Collection Deficiencies
None.
3. Review of Substantive Pap-era
None.
4. Review of Proposals for External Research
(a) The Subcommittee reviewed and, on 28 February 1967, registered
"no objection" to a proposed ACE-sponsored study of the Fiscal-
25X1A5a1 Financials tet~ae of Eastern Europe,, to be undertaken at
(b) The Subcommittee reviewed and, on ll May 1967, registered
25X1A5a1 I"no objection" to a proposed extension, with a new contract.,
of the CIA-sponsored external research on The Structure nd
Growth of the Economies of Eastern Europe, underway at
(e) The Subcommittee reviewed and, on 11 May 1967, registered
no objection" to a proposed State-sponsored project on
Political Implications of Alternative. Soviet Military and
25X1 A5a 1 Economic Pro rams, to be undertaken at
5? Maintenance of Agreed Basic Statistics
25X1A5a1
Nonee
6. Projects Undertaken at the Request of the EIC or Proposed to the EIC.
GROUP I
Excluded fram autntnatic Arnwn-
arading and declassification
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 Approver Rel 01/ L05: CIA-RDi82-00283R000200070012-6
7. Intelligence Research Techniques
None.
8. ?k2cial Coordination Functions of the Subcommittee
None.
9. Meetings on Current Economic Policy Developments in Communist
Countries
Toward the end of FY 1966, the activities of the Subcommittee
were expanded to include a series of meetings on current economic
policy developments in Communist countries. The first of these
meetings -- on Communist China -- was held on 29 June 1966.
Three more meetings were held in FY 1967: on Yugoslavia, 23 Novem-
ber 1966; on the WSR, 3 May 1967; and on Czechoslovakia, 28 June
1967. An average of about 25 persons attended these meetings.
The format of the meetings was,. (a) presentation of a short
background paper by a .senior analyst in the field; (b) comments
by each subcommittee member in turn; and (c) general discussion.
10p Evaluation of the Role of the Subcommittee
The Subcommittee serves a useful function in its ability to
evaluate proposals for external economic research on an ad hoc
basis. It also provides a formal mechanism through which the
community can undertake coordination of certain economic activities
such as exchange proposals, NIE post mortems, etc. As for the
series of meetings on current economic policy developments in
Communist countries, the subcommittee feels that the meetings have
led to some lively and enlightening exchanges. Any further extension
of activities by the Subcommittee, however, should be carefully
weighed in the light of the very high "opportunity cost" of the
members, time.
B. Future Program of the Subcommittee
The Subcommittee intends to pursue its present course. The series
of discussion meetings described above will be continued for at least
the next fiscal year.
C. Change in Membership
Effective June 1967, Michael C. Kenney, Jr. replaced William C.
Andrews as Depertment of the Army member of the Subcommittee. f
25X1A9a.
Chairman
Subcommittee on General Economic Analysis
WFW6
Approved For Release 2001/03/05: CIA-RDP82-00283R000200070012-6