Abstract
IF THERE HAD BEEN NO 'COLD WAR', the Central and East European countries (CEECs) would probably today be quite closely integrated in the European economy. Thus, the 'normalisation' of East-West trade should involve not only the lifting of the cold war discriminatory trade arrangements (CMEA, quantitative restrictions, export bans, embargoes) but also the economic integration of the CEECs to a degree comparable with that of the other European countries. In the past few years notable progress was made in this direction, with an opening of the Central and East European economies and improved access for the CEECs to Western markets. These changes, together with the end of the CMEA, might be expected to entail a shift in the direction of Central and East European trade, with an increase in trade with the West at the cost of trade with former CMEA partners. In fact, the impact was already visible in the early 1990s.
Published Version
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