During the cold war planned economies tried to separate their internal and external trade, so as not to be affected by international trade cycles while trading with capitalist countries. However, researchers have in both old and recent discussions pointed out that planned economies trade with market economies could have affected their internal trade. This paper studies the effects of market economies foreign trade development on European planned economies foreign trade development between 1958-1991. It combines the theory of transferring market cycles through foreign trade with theories of market economies effects on planned economies. The foreign trade development of market economies had a greater effect on the smaller planned economies than on the Soviet Union. The foreign trade of the planned economies was also affected by the lifting of the CoCom embargo and the foreign trade reforms among Comecon members in 1958. Planned economies also seem to have had an internal investment structure similar to the market economies, since both economic systems were affected in the same way by international price shocks.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-385817 |
| Date | January 2019 |
| Creators | Meleaku, Daniel |
| Publisher | Uppsala universitet, Ekonomisk-historiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
Page generated in 0.0024 seconds