The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
If wishing can make it so, the trade between the advanced industrialized countries of the West and the command economies of the East will be growing rapidly in the years ahead. The Soviet Union has made no bones about its strong desire to expand the scope of East-West trade. Businessmen, bureaucrats and politicians in the Western countries have been only a little more equivocal. Some countries have made an occasional effort to screen out technologies with important military application, while the United States has also sought to break down Soviet restrictions on the emigration of Russian Jews. But the West, too, has been on the side of expanded trade.
All told, the drive on both sides for more East-West trade has had its effect. Over the past 15 years, the annual trade of the U.S.S.R. and its COMECON partners with the advanced industrialized countries has managed to grow