The Soviet Union and Eastern Europe in the Global Economy [Paperback]

The contributors analyse why the Soviet Union moved away from a centrally planned economy toward integration within the global economy.In this 1992 volume, leading international political economists provide an in-depth analysis of why the Soviet Union and Eastern Europe are moving away from a centrally planned economy toward integration within the global economy and examine how they overcome their development lag and implement a restructuring policy.In this 1992 volume, leading international political economists provide an in-depth analysis of why the Soviet Union and Eastern Europe are moving away from a centrally planned economy toward integration within the global economy and examine how they overcome their development lag and implement a restructuring policy.The Soviet Union and Eastern Europe have moved away from a centrally planned economy toward integration within the global economy. How did this transition begin? Is this an aim that all of the countries can afford? What conditions are to be met so that the countries will achieve a level of development comparable with the average level of their industrial partners? In this volume, leading political economists from the East and West provide an in-depth analysis of these questions. They examine the part that will be played by foreign aid, the need for the domestic reform of foreign trade, and how change is dependent on the overall democratization and liberalization of these countries.List of figures; List of tables; Introduction: the USSR and Eastern Europe opening to the world Marie Lavigne; Part I. Integration: The East in the World Economy: 1. EastWest European integration Harriet Matejka; 2. EastWest trade: what is it good for? Heinrich Vogel; 3. US interests in granting most favored nation status to the Soviet Union Joseph Pelzman; 4. New developments in economic relations between Japan and CMEA countries Wojciech Bienkowski and Masumi Hakogi; 5. Perestroika and its implications for Soviet foreign aid l“-