The Interface of Different Systems: The United States and Communist Countries

Josef Brada

The ANNALS of the American Academy of Political and Social Science, 1982, vol. 460, issue 1, 136-144

Abstract: United States trade relations with the Communist countries are not very extensive but require policymakers' attention because of the adversary relationship between the West and the Soviet bloc and because systemic differences between market and planned economies make trading relations more complex. The United States has sought to use its greater economic strength vis-Ã -vis the Communist countries to achieve short-term political objectives. These efforts have been unsuccessful largely because we have overestimated the extent of our economic power. At the same time, by neglecting to seek out achievable objectives in the economic sphere, we have forgone economic gains from East-West trade.

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:460:y:1982:i:1:p:136-144

DOI: 10.1177/0002716282460001016

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