Publication at Faculty of Social Sciences |
2013
Abstract
The paper analyses foreign economic relations of Czechoslovakia in the 1970s. Based on archival and literature research, it builds three tier system of satisfying consumption, covering the CMEA and the Western markets exports.
It offers a qualitative economic analysis. The paper deals with the problem of subsidization of Eastern Europe by the Soviet Union.
It comes to the conclusion that the change in Czechoslovak foreign trade policy towards closer cooperation with the CMEA partners, the Soviet Union most prominently, was a logical outcome of the external developments in the world economy (1973 oil shock, emergence of the Asian tigers, etc.) and of the internal parameters of the Czechoslovak economy.