In this original and authoritative study of international economic relations, László Csaba examines economic reforms and economic developments within Eastern Europe. He explores intra-regional cooperation and international trade, evaluating the changes within the system created by the standards and requirements of the world economy, and pays particular attention to Soviet-East European relations. The author addresses many key issues of the economic system. These include price formation in intra-CMEA trade; the impact of the settlement on transferable ruble accounts on intra-CMEA prices and finance; the consequences the CMEA's complex program of 1971 has had for trade and development and its long term target programs initiated in 1976. This analysis is supported by detailed and comprehensive references to relevant government, intergovernmental and CMEA programs, agreements and practices. Eastern Europe in the World Economy will be of interest to students and specialists in Soviet and East European studies, comparative economic systems and international politics as well as to policy makers at the highest levels.