Eastern Europe in the World Economy

In this original and authoritative study of international economic relations, László Csaba examines the power structures, economic reforms and economic developments within Eastern Europe. He explores the history of intra-regional cooperation and conflicts and international trade, evaluating the changes within the system created by the standards and requirements of the world economy. Particular attention is paid to Soviet-East European relations, assessing the merits and limitations of recent policies and the implications for Eastern Europe of the change and challenge of Gorbachev's reforms. The author addresses many key issues of the economic system. These include price formation in intra-CMEA trade; the impact of the settlement on transferable rouble accounts on intra-CMEA prices and finance; the consequences the CMEA's complex programme of 1971 has had for trade and development and its long-term target programmes initiated in 1976. Csaba looks forward to the new preoccupations for the 1990s: the coordination of economic policy, convertibility, direct interfirm relations and technology transfer.