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The Global Framework and East-West Economic Relations

In: East-West Economic Relations in the Changing Global Environment

Author

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  • A. Hewett

    (The Brookings Institution)

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

Suggested Citation

  • A. Hewett, 1986. "The Global Framework and East-West Economic Relations," International Economic Association Series, in: Béla Csikós-Nagy & David G. Young (ed.), East-West Economic Relations in the Changing Global Environment, chapter 4, pages 41-58, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-18400-2_4
    DOI: 10.1007/978-1-349-18400-2_4
    as

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