This volume contains a number of analyses of the present global situation and provides a reasoned preview of likely macro-economic developments during the next decade in the relations between East and West. It is based on the 1988 11th Workshop on East-West European Economic Interaction.

This book presents various aspects of the changing nature of East-West relations and attempts to anticipate future trends in East-West trade and technology transfer, dealing with the evolution of national approaches towards trade and technology transfer.

In providing aid to the ailing economies of the former USSR and Eastern Europe, many Western governments fear that they may be leaving themselves vulnerable to fierce economic competition in the future. This study examines claims that vulnerability existed in Western economic relations with the former Soviet Union and Eastern Europe from 1970 to 1990, and shows how the historical evidence undercuts the vulnerability assumptions that fueled the Reagan administration's foreign policy and were never systematically tested.

The impact of Eastern Europe's convertible currency external debt situation on the financing of East-West trade in the late 1908s and early 1990s.

1982 WAS THE YEAR East-West economics became the smoldering focus of Atlantic relations. No other issue generated as much heat or as much trans-Atlantic diplomatic shuttling. 1983, in sharp contrast, has been largely devoid of conflict on this issue. Now, INF deployment and arms control have become the hinge of alliance politics. The Versailles economic summit of June 1982 was dominated by two subjects, U.S. interest rates and East-West trade. In May 1983 the Williamsburg summit communique devoted three sentences to East-West trade, and the press reports do not suggest much time was spent composing them. Has the explosiveness of East-West economics as an alliance problem been permanently defused? It might be argued that the storms of 1982 were associated with a unique conjuncture of events--the Polish crisis and the concluding phases of the gas pipeline deal. Yet, if this particular conjuncture was unique, the events were bound up with recurrent issues. So it was in the past and so it seems likely to be in the future.