In the period discussed the economy took a turn for the worse. In the first half of the 70s all three countries expanded their trade with the West in a desire to put their economy on a higher technological level and make it more efficient. High increases in oil prices, above all in 1979, resulted in worsening terms of trade. The slump in the West accompanied by protectionist tendencies made the competition for Eastern products on Western markets more difficult. All this contributed to balance of payment deficits and to indebtedness vis-à-vis the West, particularly in Poland. All three countries tried to grapple with this problem by slowing down economic growth.


Real Wage National Income Unemployment Benefit Average Wage Wage Increase 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Jan Adam 1984

Authors and Affiliations

  • Jan Adam
    • 1
  1. 1.University of CalgaryCalgaryCanada

Personalised recommendations