The Challenge of Simultaneous Economic Relations with East and West [Paperback]

This work contains papers presented at a conference held in March 1988. It chronicles the efforts of four countries - Austria, Finland, Hungary and Yugoslavia - to develop economic ties with both the East and the West. Topics covered include the evolution of dual economic ties.Hard currency settlement of payments or bilateralism and clearing - how long will the dilemma remain?, Sandor Richter; Hungarian foreign trade - failure to reform, Michael Marrese; perestroika in the Soviet Union - the domestic and international dimensions, Nikolay Shmelev; a new situation in Hungarian-Soviet trade - what is to done?, Andras Koves; economic policy and foreign trade in Austria - relation with West and East, Jan Stankovsky; internal regulation of foreign trade with respect to socialist trading partners - a comparison of the Finnish and the Hungarian systems, Gabor Oblath; effects of trade with centrally planned economies on exchange rates and prices in market economies, Yryana Tolonen; an appearance of dual attachment in the Soviet Union's imports - variations in imports from the West in relation to imports from CMEA countries, Urpo Kivikari; dual systems of international settlements - an analysis of Yugoslavia's experience and some proposals for more efficient alternative settlement systems, Ante Cicin-Sain; some specific features of inflation in a heavily-indebted socialist country, Neven Mates; the foreign policy conditions affecting economic relations between the smaller European states, Peter Knirsch; problems and prospects of East-West transfer of technology, Stanislav Simanovsky; towards a comprehensive economic reform? a pessi-optimistic view, Laszlo Szamuely; reflections on enterprise-level currency conversion in foreign trade - the case of Hungary, Adam Torok; joint ventures between East and West, Tauno Tiusanen; the involvement of the CMEA countries in the international trade in services - can they be competitive?, Marie Lavigne; intra-CMEA barter versus commodity monl“F