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.

Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

This book examines the major moments punctuating OEEC history from the original offer of Marshall Aid in 1947 to the decision to create the OECD in 1960.