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Making and Breaking Markets across the Iron Curtain

Thu, October 17, 1:00 to 2:45pm EDT (1:00 to 2:45pm EDT), Virtual Convention, VR7

Session Submission Type: Panel

Brief Description

Western political scientists and officials studied economic statecraft behind the Iron Curtain while the Cold War raged because the topic had policy relevance, but historians generally neglected the subject after the collapse of the Soviet bloc. In recent years, however, scholars have challenged the characterization of the economic Cold War as a second-order foreign policy issue and have argued not only that it is a field worthy of study, but also that the security and political dimensions of the conflict cannot be understood in isolation from the economic architectures.

Building on new directions in international history and drawing on archival evidence from both sides of the Iron Curtain, this panel examines the role of markets—both opened and closed—in shaping relations between the West and the Soviet bloc. The three papers in this session offer diverse thematic, methodological, and chronological approaches ranging from the impact of Western sanctions on the Soviet bloc in the early Cold War, to the diffusion of nuclear technology across the ideological divide, and to Western debates about providing financial assistance to the former Soviet bloc countries in the effort to facilitate the transition to democracy and capitalism during the 1990s. Collectively, the papers emphasize the importance of inter-bloc flows of goods, capital, and technology in both shaping the contours of the Cold War as well as providing historical analogies for the contemporary moment.

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