by Alan A. Brown (Editor), Egon Neuberger (Editor)

International Trade and Central Planning: An Analysis of Economic Interactions explores the intricate dynamics of foreign trade in centrally planned economies (CPEs) and its interplay with domestic economic planning. Unlike market-type economies (MTEs), where trade is largely guided by market forces, CPEs rely on direct government control, making their trade patterns and mechanisms distinct. This book highlights the historical neglect of CPE foreign trade in economic studies and addresses critical issues such as trade aversion, balance-of-payments pressures, and inefficiencies inherent in central planning. Through theoretical frameworks, empirical studies, and case-specific analyses, the book examines the bidirectional relationship between domestic plans and trade outcomes. It also underscores the challenges posed by institutional rigidity, state trade monopolies, and a focus on self-sufficiency, which often hinder CPEs from realizing the full benefits of trade.

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