By Nita G. M. Watts
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Extra info for Economic Relations between East and West: Proceedings of a Conference held by the International Economic Association at Dresden, GDR
I do not wish to forecast here the growth-rates for the next five, ten, or twenty years. There are, however, some indications that the average annual rate of economic growth in the coming decades will be lower than during the past twenty-five years. The gloomy forecasts drawn up by the Club of Rome's experts - according to which mankind is inevitably approaching 'the limits to growth' and should thus adapt itself as soon as possible to a 'zero-growth' - are of no use as working hypotheses. I am more inclined to believe those authors who remind us that in the course of its history mankind has found itself confronted with critical situations which were at least as difficult as the present one, and that Man has always found ways and means to overcome these difficulties.
He interpreted Dr Hanson's paper as ad~ocacy of a cyclical pattern for East-West trade, countering the Western * S. Wenger, •Aussenwirtschaftsbeziehungen sozialistischer Staaten mit kapitalistischen Industrieliindern und die Hauptprozesse in der Entwickiuns. 8, p. 24. Discussion - East- West Relations and World Trends 41 trade cycle, and objected that this would be neither possible nor desirable. The aim should be to reduce the negative impact of cycles in activity in the West by developing the stable East-West trade relations made possible by the continuous rhythm of planned growth in the socialist countries.
D) Action to expand and stimulate industrial, financial and technoscientific cooperation between the socialist and capitalist countries of Europe. ( e) Utilisation of all possibilities of combined efforts by the member countries of both groupings in getting to grips with problems of allEuropean concern in the fields of energy, the extractive industries, transport, telecommunications, environmental research and control, and in the setting up of specific projects of all-European cooperation. It would be of the greatest significance for future cooperation, if the EEC was in a position to accept that each grouping should take appropriate action to ensure full reciprocal most-favoured-nation treatment, as a means of stimulating the expansion of trade between their respective member countries, on the basis of non-discrimination and reciprocal benefit, and that acceptance of the mfn principle should be the basis for studying or settling other problems relating to economic relations between them.
Economic Relations between East and West: Proceedings of a Conference held by the International Economic Association at Dresden, GDR by Nita G. M. Watts