The Importance of Osthandel

Download or read book The Importance of Osthandel written by Charles William Carter and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Although the 1970s was the era of U.S.-Soviet détente, the decade also saw West Germany implement its own form of détente: Ostpolitik. Trade with the Soviet Union (Osthandel) was a major feature of Ostpolitik. Osthandel, whose main feature was the development of the Soviet energy-export infrastructure, was part of a broader West German effort aimed at promoting intimate interaction with the Soviets in order to reduce tension and resolve outstanding Cold War issues. Thanks to Osthandel, West Germany became the USSR's most important capitalist trading partner, and several oil and natural gas pipelines came into existence because of the work of such firms as Mannesmann and Thyssen. At the same time, Moscow's growing emphasis on developing energy for exports was not a prudent move. A lack of economic diversification resulted, a development that helped devastate the USSR's economy after the oil price collapse of 1986 and, in the process, destabilize the communist bloc. Against this backdrop, the goals of some West German Ostpolitik advocates---especially German reunification and a peaceful resolution to the Cold War---occurred.