Implications of the transformations in Eastern Europe and the Soviet Union for economic relations among East, West and South

This chapter consists oftwo sections. SectionA deals with the changes that have been taking place, mainly in Eastern Europe and the Soviet Union, but also in the other countries ofthe East, especially Albania and Yugoslavia, and what changes they entail in the structure of traditional East-West relations. It also discusses the policy aspects of these changes in terms of the potential consequences ofthe transitions in the East and in East-West relations for the world economy in general and the developing countries in particular. Section B of the chapter is devoted to a select inventory and interpretation of quantitative information about the past interrelations of Eastern Europe and the Soviet Union in the world economy before the major changes of late 1989 began to crystallize. This forms one basic input into the more policy-oriented discussion of section A.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action