On the Character and Role of the Foreign Trade in the newly Founded Czechoslovakia

Abstract

It was evident that foreign trade would play an important role in the economy of the newly founded Czechoslovakia. With respect to historical ties, Czechoslovak producers were mainly interested in exports to succession states and Germany. The Czechoslovak export perform- ance improved in the second half of the 1920s which became the most successful phase in the development of interwar export. To a large extent, Czechoslovak enterprises showed good adaptability to changes in foreign demand and took advantage of the contemporaneous boom in world trade. By contrast, the Great Depression disclosed the unfavorable consequences of Czechoslovakia`s dependency on export results.