Economic Relations between East and West: Proceedings of a by Nita G. M. Watts

By Nita G. M. Watts

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Dr Jacobsen regretted that Professor Schmidt's politico-economic approach did not deal fully with the question of the hindrances to expansion of EastWest trade on the Eastern side. An analysis of present attitudes to East-West economic relations had to take into account that only a few years earlier some East European scientists (like Professor Wenger in 1970)* had described the goals of the Western countries as imperialistic, aiming to split the Socialist World System, to blackmail particular countries and to restore the capitalist system.

TABLE 5 TRADE OF CMEA COUNTRIES WITH THE DEVELOPED MARKET ECONOMIES (percentage shares in country's total trade) 1960 Bulgaria Czechoslovakia GDR Hungary Poland Romania Soviet Union CMEA total 12·5 16·7 20·2 21·9 29·9 21·3 lS·2 19·7 Exports 1970 14·2 20·4 21·9 2S'0 2S·4 31·9 lS·7 21·7 1974 1960 11·7 24·0 27-4 26·1 36·3 42-1 30·2 29·4 13·7 18·9 22·0 24·7 29·7 23·4 19·8 21-4 1mports 1970 19-1 24·5 26·7 2S·S 25·S 39·5 24·0 25-8 1974 22·5 27-7 34-1 34·6 50-S 4S·6 32-6 35·S Source: Rocznik statystyczny handlu zagranicznego 1975 (GUS, Warsaw, 1975).

To promote that process, to translate the potentialities already existing into practical effect, opens up a field of common interest and possibilities of complementary activity by economists in countries of both social systems. NOTE 1 Blatter fUr Deutsche und Intemationale Politik, No. 11/1975, p. 1225. 2 Economic Relations between East and West in the light of Recent World Economic Trends* Franz Nemschak VIENNA INSTITUTE FOR COMPARATIVE ECONOMIC STUDIES Economic relations between East and West - both developments up till now and the future prospects for, and problems of, East-West trade - have to be considered in the light of the international economic situation.

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