Central and Eastern European countries (CEECs) are currently undergoing rapid political, economic and social changes. These changes are a result of reform efforts to change centralized planned economies into market-oriented economies. Achievement of successful economic reform and subsequent integration of CEECs into the golbal economy will provide both challenges and opportunities for dynamic Asian economies (DAEs).
The purpose of this paper is to review the economic reforms currently in process in (CEECs) and the present economic relations between CEECs and (DAEs), as well as to discuss the future means of cooperation between the two groups.