Among the former CMEA countries, some are moving faster and more radically toward the market system than others. Prof. Winiecki shows that the former will in future be in a better position to compete on world markets than those countries whose transition to the market system is incomplete or...

International barter transactions are becoming increasingly important in world trade. The following article examines the reasons for this as well as its implications for competition and the international division of labour, and presents an assessment of future developments.

Unconventional forms of international trade (such as counterpurchase, compensation deals and barter) have assumed rapidly growing importance, especially in many developing countries, as a consequence of the fall in commodity prices and the worsening of international debt problems since the oil...

While foreign policy as well as economic, ideological and purely humanitarian considerations all continue to play a role in economic relations between the CMEA countries and the Third World, a shift in the relative weights of these various aspects has become discernible in recent years. What...

Advanced economies with relatively high manufacturing shares tend to have current account surpluses. One reason for this is the dominant role played by transactions involving manufactured goods in world trade. An additional factor is that the catching-up process in emerging and developing...