The Global Framework and East-West Economic Relations

A. Hewett
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A. Hewett: The Brookings Institution

Chapter 4 in East-West Economic Relations in the Changing Global Environment, 1986, pp 41-58 from Palgrave Macmillan

Abstract: Abstract Historically East-West economic relations have played a more important role in eastern economies than in western economies.1 Data on trade flows are the most visible evidence for that. In 1982 3.1 per cent of total OECD exports went to the East, accounting for approximately 0.05 per cent of OECD GNP that year.2 That same year those exports accounted for 31 per cent of the imports of the Soviet Union and Eastern Europe, equal to approximately 16 per cent of their collective GNPs.3

Keywords: Economic Relation; East European Country; Global Framework; Western Market; Windfall Gain (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-18400-2_4

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DOI: 10.1007/978-1-349-18400-2_4

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