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East-West Relations and the Future of Eastern Europe: Politics and Economics

By Morris Bornstein (Editor), Zvi Gitelman (Editor), William Zimmerman (Editor)
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By Morris Bornstein (Editor), Zvi Gitelman (Editor), William Zimmerman (Editor)
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Both domestic and foreign policy considerations led Eastern European nations in the 1970s to involve their economies more deeply with the West. This increased economic interdependence encompassed trade, technology transfer through industrial cooperation, and international credit. These growing links came as a mixed blessing as Western economic problems – inflation, recession, unemployment, energy – began to affect the economic development and political stability in Eastern Europe.

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