The Impact of International Economic Disturbances on the Soviet Union and Eastern Europe

The Impact of International Economic Disturbances on the Soviet Union and Eastern Europe: Transmission and Response focuses on the transmission of economic disturbances to the Soviet Union and Eastern Europe, as well as the policy responses of both to such disturbances. Topics covered include external inflation, balance of trade, and resource allocation, along with the impact of the world economic crisis on intra-CMEA trade. This book is comprised of 16 chapters and begins with an overview of major international economic disturbances during the first half of the 1970s and their transmission to the Soviet Union and Eastern European countries. The following chapters examine the adjustment made by East European economies to external disturbances; external inflation, balance of trade, and resource allocation in small centrally planned economies; whether the Soviet Union was affected by the international economic disturbances of the 1970s; and the relationship between foreign trade and the Soviet economy. The transmission of international disturbances to Yugoslavia, Hungary, and Poland and the responses of each country are also discussed. The final chapter assesses how the energy crisis and Western ""stagflation"" have affected the nature of Soviet-East European political relations in the years 1956-1973. This monograph will be of interest to economists and economic policymakers.

PrefacePart I: Introduction Chapter 1 The Transmission of International Economic Disturbances: An Overview Chapter 2 External Disturbances and Adjustment in Eastern EuropePart II: Theoretical Foundations Chapter 3 The International Transmission of Disturbances: A Framework for Comparative Analysis Comment Chapter 4 External Inflation, the Balance of Trade, and Resource Allocation in Small Centrally Planned Economies Comments Chapter 5 Internal and External Balance in a Centrally Planned Economy Comments Chapter 6 Counterfactual Methods in the Study of Planned Economies: A Reconciliation of Tyson and Kenen with Wolf and PortesPart III: Country Studies Chapter 7 Was the Soviet Union Affected by the International Economic Disturbances of the 1970s? Comment Chapter 8 Foreign Trade and the Soviet Economy: Changing Parameters and Interrelations Comment Chapter 9 The Transmission of International Disturbances to Yugoslavia Comments Chapter 10 Transmission and Responses to External Economic Disturbances: Hungary Comment Chapter 11 The Impact of External Economic Disturbances on Poland Since 1971 Comment Chapter 12 Systemic Aspects of the Responses of East European Economies to Disturbances in the International EconomyPart IV: International Economic and Political Consequences Chapter 13 The Impact of the World Economic Crisis on Intra-CMEA Trade Chapter 14 The Soviet-Type Economy as a Generator of Economic Disturbances Chapter 15 The Impact of External Economic Disturbances on the Internal Politics of Eastern Europe: The Polish and Hungarian Cases Chapter 16 The Energy Crisis, Western "Stagflation" and the Evolution of Soviet-East European Relations: An Initial-AssessmentCommentsName IndexSubject IndexAbout the Editors and Contributors