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 second yearbook of The Vienna Institute for Comparative Economic Studies presents studies dealing with the economic situation in Eastern Europe and the Soviet Union. Its foreign trade analysis offers insights into the ongoing transition process from centrally planned to market-oriented systems.