Foreign Trade and the Development of the Far East Region
AbstractInternational economic collaboration, including foreign trade, facilitates the unification of national economies into one system that has efficiency much higher than the economy of an individual nation. This is a general law, but it is not an absolute for all conditions or all countries. When the level of economic development is not high enough, such collaboration can lead to a destructuring of the national economy of a country, since its development is limited only to the narrow sector that can be fit into the unified (combined) system according to the criteria of economic efficiency. Thus, while bearing in mind the generally progressive nature of the inclusion of any country in foreign trade, we must also bear in mind the specific features of its development and the interests of the national economy.
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Bibliographic InfoArticle provided by M.E. Sharpe, Inc. in its journal Problems of Economic Transition.
Volume (Year): 42 (1999)
Issue (Month): 7 (November)
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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=106047
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