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Central and Eastern Europe: A Brief History of Trade between 1945–1989

In: Trade, Development and Structural Change

Author

Listed:
  • Anca M. Voicu

    (Rollins College)

  • Somnath Sen

    (The University of Birmingham)

  • Inmaculada Martinez-Zarzoso

    (University of Göttingen
    Institute of International Economics University Jaume I)

Abstract

History is important in order to understand the trade-related issues that confronted the Central and Eastern European Countries (CEECs) immediately after 1989 as well as the past and current standing of their trade relations with the world outside the Council for Mutual Economic Assistance (CMEA), a body that governed trade relations between the countries of Central and Eastern Europe before 1989. This chapter discusses the CEECs’ international economic relations before 1989 by explaining the state monopoly and the planning of foreign trade, the inconvertibility of the currencies under the auspices of the CMEA.

Suggested Citation

  • Anca M. Voicu & Somnath Sen & Inmaculada Martinez-Zarzoso, 2018. "Central and Eastern Europe: A Brief History of Trade between 1945–1989," Studies in Economic Transition, in: Trade, Development and Structural Change, chapter 2, pages 15-41, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-349-59005-6_2
    DOI: 10.1057/978-1-349-59005-6_2
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