Abstract

Part 1 Overall appreciations: global imbalances in the world economy - challenges and opportunities for Europe, Youngil Lim global imbalances and US policy responses, Dominick Salvatore trends and policies in East-West economic relations - a view from the West, Philip Hanson determinants and prospects of East-West economic relations - a view from the East, Ivan Angelis. Part 2 Adjustments in the socialist countries: Perestroika and prospects for East-West economic relations, Oleg Bogomolov the Hungarian economy in the international context, Andras Inotai intensive growth and outward oriented economic strategy, Peter Sydow China's open policy in the light of world economic trends, Yuanzheng Luo China's open policy and economic relations with Western Europe, Zhang Yunling. Part 3 Case studies of East-West interaction: relations between CMEA countries and the GATT, Ake Linden economic relations between the Federal Republic of Germany and the German Democratic Republic, Doris Cornelsen East-West joint ventures in CMEA countries, Norman Scott. Part 4 Prospects: is a new international monetary order needed?, Eduard Hochreiter a new foreign economic policy for the 1990s?, Yuri Andreev new patterns of national and international growth in CMEA, Manfred Engert the need for a new foreign trade regime, Dariusz K. Rosati a perspective on the normalization of East-West commerce, John P. Hardt commercial competition and control - a US view, John Starrels major issues and conclusions, Gary Bertsch.

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