Trade reorientation and recovery in transition economies

How do we define transition and when can we say that transitionto a market economy is complete? Here we suggest that one wayof addressing this issue is to analyse current economic dataand ask whether, in ignorance of the past, we can identify countriesin central and eastern Europe as being somehow different fromcomparable western market economies. In this paper we focuson international trade and argue that several indicators, suchas the geographical structure of trade and the undervaluationof the exchange rate, cannot distinguish the more advanced countriesin central and eastern Europe. We also seek to explain how thereorientation of trade towards the West has been achieved and,in particular, assess whether improvements on design and qualityare a prerequisite for export expansion.     

Prof. Mr. Dr. Gerard Marius Verrijn Stuart

Ohne Zusammenfassung

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Prof. Mr. Dr. Gerard Marius Verrijn Stuart 16 sept. 1893–25 oct. 1969

     

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