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| Tekijä: | Blum, P. |
| Otsikko: | Comecon needs countertrade. |
| Lehti: | Banker
1987 : FEB, VOL. 137:732, p. 53-54 |
| Asiasana: | INTERNATIONAL TRADE BARTERING EUROPE, EAST COMECON |
| Kieli: | eng |
| Tiivistelmä: | The sharp decline in world oil prices and in the value of dollar have seriously diminished the projected volume of East-West trade. This run counter to the expectations of the Western experts. Countertrade (barter) saves hard currency, but it is inefficient. Now it represents about 15 % of the total East-West trade. The reaction to the new currency-hunger is two-fold: the Soviet Union and Poland try to increase the volume/share of the barter, while Hungary sharply reduces it. East Germany stabilizes the present situation, but tries to improve its efficiency. |
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