Minerals in East-West trade: An overview |
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| Institution: | 1. Université Côte D’Azur, UPMC, CNRS, OCA, IRD, Géoazur, Sophia Antipolis, France;2. Sorbonne Universités, UPMC Univ Paris 06, MNHN and IMPMC, France;1. Nuh Naci Yazgan Univ., Dept. of Economics, 38090, Kayseri, Turkey;2. Nuh Naci Yazgan Univ., Dept. of Electr.-Electron. Engineering, 38090, Kayseri, Turkey;1. Centre on Climate Change & Planetary Health, London School of Hygiene & Tropical Medicine, London, UK;2. Centre for Mathematical Modelling of Infectious Diseases, London School of Hygiene & Tropical Medicine, London, UK;3. Red Cross Red Crescent Climate Centre, The Hague, the Netherlands;4. Health in Humanitarian Crises Centre, London School of Hygiene & Tropical Medicine, London, UK;5. MSF-Canada, Medecins Sans Frontieres, Toronto, Canada;6. Manson Unit, Medecins Sans Frontieres, London, UK;7. Barcelona Supercomputing Center (BSC), Barcelona, Spain;8. Catalan Institution for Research and Advanced Studies (ICREA), Barcelona, Spain |
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| Abstract: | This paper examines recent trends in East-West trade in general. During the later 1960s and early 1970s trade between East and West grew faster than world trade. But after 1976 this growth slowed as trade between Eastern Europe and the West collapsed, although the USSR continued to trade with the West. It is shown that the second oil price rise in 1979 produced enhanced terms of trade for the USSR. The major products traded between East and West are identified and it is noted that the future direction of East-West trade will be profoundly influenced by whether or not the USSR undertakes significant economic reform. |
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