ABSTRACT
The organic links between economic growth and the state budget also have become disrupted, a fact which contributes significantly to budgetary deficits all over the world. In the second half of the 1960s, the European socialist countries experienced a weakening of the economic forces which had driven their societies during the post-war social transformation and which had stimulated growth despite contradictions within their national economies. East-West trade expanded rapidly in the 1960s, but this occurred on an extensive basis, and the driving forces of that expansion have since become exhausted. The West European share of East-West trade was 82 percent between 1982 and 1984, the share of the United States and Canada was 8 percent, and Japan's was also 8 percent. There is no doubt that opportunities for developing economic relations are limited in both the old structure and the present monetary situation.
