East-West Economic Relations in the 1970s and 1980s

  • Friedrich Levcik
  • Jan Stankovsky
Part of the East-West European Economic Interaction book series (EEIIWP)


By way of introduction we may briefly recall the atmosphere of East-West relations at the beginning of the 1970s when the signing of SALT I heralded a decisive breakthrough towards détente in the military (arms reduction) field; when the German Federal Republic’s agreements with a number of East European countries brought conciliation nearer in an area of perpetual conflict; when détente between the superpowers culminated in the visits of Nixon in Moscow and Brezhnev in Washington and the initialling of the trade agreements between the United States of America and the Soviet Union.


Market Share Foreign Trade Transport Equipment East European Country Credit Policy 
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  1. (1).
    In 1980, Eastern Europe’s trade deficit with the West declined to US $ 3.7 billion.Google Scholar
  2. (2).
    The Economist March 10, 1982.Google Scholar
  3. (3).
    Comparison of only two base years (1970 and 1980) constitutes a certain weakness in the analysis. The available data basis precludes evaluation year by year for the decade. From a paper presented by Allan Lenz (USA) at the WIIW Jubilee Symposium, “Die Ost-West Wirtschaftsbeziehungen heute and morgen”, Springer Verlag Wien-New York (forthcoming) the conclusion may be drawn that competitive gains were achieved up to 1976 only and competitive losses sustained in subsequent years.Google Scholar
  4. (4).
    M. G. Lazar (Chairman, Federation of International Traders, Zurich), “Countertrade, Present and Future”, Nato Colloquium 1983, Brussels, April 1983.Google Scholar
  5. (5).
    ECE, Trade/AC19/R.1, June 1983.Google Scholar
  6. (6).
    OECD, East-West Trade, Recent Developments in Countertrade, Paris 1982.Google Scholar
  7. (7).
    G. Fink, K. Mauler, “East European Financial Relations with the West and Perspectives for Trade”, in Eastern Europe JEC, Co. gress of the United States (forthcoming)Google Scholar
  8. (8).
    A substantial proportion of the CMEA countries’ debts is owed in West European currencies, whose depreciation against the dollar has thus reduced the extent of indebtedness. The real burden of indebtedness, however, is thereby not reduced.Google Scholar

Copyright information

© Wiener Institut für Internationale Wirtschaftsvergleiche (WIIW) / The Vienna Institute for Comparative Economic Studies 1985

Authors and Affiliations

  • Friedrich Levcik
    • 1
  • Jan Stankovsky
    • 2
  1. 1.Vienna Institute for Comparative Economic Studies (WIIW)Austria
  2. 2.Österreichisches Institut für WirtschaftsforschungAustria

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