Economic relationship between Czechoslovakia and Great Britain in 1953 - 1964

The bachelor's thesis examines economic relations between Czechoslovakia andGreat Britain with a focus on repayment of compensation and loans, that Great Britainprovided to Czechoslovakia. Also compares and analyzes the development of mutualtrade in 1953 - 1964. The aim of the work is confirmation the dependence on SovietUnion of these negotiations on the examined relationship with Great Britain, which withthe gradual easing of the regime in the Eastern bloc was gradually more independent onthe basis of the rules defined by the East. Within the analysis of mutual relations,including political and economic development of both countries, the author concludesthat in the framework of gradual liberalization in the Eastern bloc and at the same timethe removal of trade barriers by Great Britain, there was higher growth in mutual trade.Without the direct influence of the Soviet Union, the Czechoslovak side negotiated itsown conditions for the repayment of compensations and loans, which hada fundamental effect on common trade. The author also pointed out the impact ofmonetary reform, which damaged Great Britain, but became one of the importantnegotiating terms in financial commitments. The study of Rozsypal's reform confirmedthe effort to gradually liberalize and change the current system, however, a directconnection with relations with Great Britain was not discovered.