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Trade Policy during the Transition. Lessons from the 1990s

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Paul G. Hare

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Abstract

This presentation will draw out lessons from the trade policy experience of transition economies during the 1990s. It will do so by examining what trade policy was actually pursued, covering liberalisation of trade in goods and services, liberalisation of the capital account and the approach towards FDI, and exchange rate policy. At the same time, limitations on trade imposed by trade partners (e.g., EU trade barriers covering so-called 'sensitive products') will be reviewed. Based on the policies pursued, the effect on the direction, composition and scale of trade by the transition economies is then summarised. The paper then concludes by discussing the form of an 'ideal' trade policy under transition conditions, and elicits lessons from the 1990s experience of trade policy in the region.

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Paper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 0006.

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Date of creation: 2000
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Handle: RePEc:hwe:certdp:0006

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Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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  1. Hughes, Gordon A & Hare, Paul, 1994. "The International Competitiveness of Industries in Bulgaria, Czechoslovakia, Hungary, and Poland," Oxford Economic Papers, Oxford University Press, vol. 46(2), pages 200-221, April. [Downloadable!] (restricted)
  2. Michalopoulos, Constantine & Tarr, David, 1997. "The economics of customs unions in the Commonwealth of Independent States," Policy Research Working Paper Series 1786, The World Bank. [Downloadable!]
  3. Richard E. Baldwin & Joseph F. Francois & Richard Portes, 1997. "The costs and benefits of eastern enlargement: the impact on the EU and central Europe," Economic Policy, CEPR, CES, MSH, vol. 12(24), pages 125-176, 04. [Downloadable!] (restricted)
  4. Aturupane, Chonira & Djankov, Simeon & Hoekman, Bernard, 1997. "Determinants of Intra-Industry Trade between East and West Europe," CEPR Discussion Papers 1721, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  5. Drabek, Zdenek & Brada, Josef C., 1998. "Exchange Rate Regimes and the Stability of Trade Policy in Transition Economies," Journal of Comparative Economics, Elsevier, vol. 26(4), pages 642-668, December. [Downloadable!] (restricted)
  6. Hare, Paul G & Hughes, Gordon, 1992. "Industrial Policy and Restructuring in Eastern Europe," CEPR Discussion Papers 653, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  7. Michalopoulos, Constantine, 1999. "The integration of transition economies into the world trading system," Policy Research Working Paper Series 2182, The World Bank. [Downloadable!]
  8. Neven, Damien J, 1994. "Trade Liberalization with Eastern Nations. How Sensitive?," CEPR Discussion Papers 1000, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  9. Dariusz Rosati, 1996. "Exchange rate policies during transition from plan to market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(1), pages 159-184, 05. [Downloadable!] (restricted)
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