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date: 26 May 2020

Abstract and Keywords

This chapter explores the economic aspect of the Cold War. It analyzes historiographic debates on the role of economic factors in the Cold War and discusses the nature and scope of the conflict between the rival economic systems of Western capitalism and Soviet communism. The chapter describes the structures of the Western and Soviet-led economic orders and the interaction between the two blocs during the Cold War. It also examines contemporary research concerning the effectiveness of the strategic embargo employed by the Western states against the communist nations and highlights the role of economic issues in the ending of the Cold War.

Keywords: Cold War, economic factors, Western capitalism, Soviet communism, economic orders, strategic embargo

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