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East-West Trade

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Abstract

Conventionally, ‘East-West Trade’ is concerned with the commercial relations between the socialist centrally-planned economies of Eastern Europe (the Soviet Union, Bulgaria, Czechoslovakia, East Germany, Hungary, Poland and Romania) and the industrial market economies of the West. It is well known that political factors have dominated (and severely limited) post-war East-West commerce; hence the saying, ‘East-West business depends on East-West politics.’ Now that the United States has concluded a trade agreement with the Soviet Union (1972) the political climate for expanded East-West trade has never been better. Consequently, one imagines, economic factors will bear more importantly on the situation. Indeed, it is well known that basic economic pressures have been behind the latest Soviet and East European (E.E.) moves towards expanded Western contacts. At the same time Western firms, aided by the easing of official restrictions, are finding new ways of doing business with the East.

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Further Reading

  1. R.E. Caves and R. W. Jones, World Trade and Payments (Boston, Mass.: Little, Brown & Co. 1973) chap. 15, sec. 4Google Scholar
  2. F. D. Holzman, International Trade Under Communism: Politics and Economics (London: Macmillan, 1976 ). An excellent account of the main influences on East—West trade.Google Scholar
  3. S. Pisar, Coexistence & Commerce (London: Allen Lane The Penguin Press, 1970 ). A discursive treatment of the economic and political background to East—West trade.Google Scholar
  4. J. Wilczynski, The Economics and Politics of East—West Trade ( London: Macmillan, 1969 ).Google Scholar
  5. J. Wilczynski, The Multinationals and East—West Relations (London: Macmillan, 1976 ). An expert in the field discusses the role of MNCs (both capitalist and socialist) in East—West business co-operation.Google Scholar

Copyright information

© Leonard Gomes 1978

Authors and Affiliations

  1. 1.Middlesex PolytechnicUK

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