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Trade Policy during the Transition. Lessons from the 1990s

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  • Paul G. Hare

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.

Suggested Citation

  • Paul G. Hare, 2000. "Trade Policy during the Transition. Lessons from the 1990s," CERT Discussion Papers 0006, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:0006
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    References listed on IDEAS

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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.
    2. 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.
    3. Hughes, Gordon A & Hare, Paul, 1994. "The International Competitiveness of Industries in Bulgaria, Czechoslovakia, Hungary, and Poland: Reply," Oxford Economic Papers, Oxford University Press, vol. 46(2), pages 226-227, April.
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    6. Tarmo Haavisto (ed.), 1997. "The Transition to a Market Economy," Books, Edward Elgar Publishing, number 917.
    7. Damien NEVEN, 1994. "Trade Liberalisation with Eastern Nations. How Sensitive ?," Cahiers de Recherches Economiques du Département d'économie 9407, Université de Lausanne, Faculté des HEC, Département d’économie.
    8. 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, CESifo, Sciences Po;CES;MSH, vol. 12(24), pages 125-176.
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    10. Landesmann,Michael A. & Székely,István P. (ed.), 1995. "Industrial Restructuring and Trade Reorientation in Eastern Europe," Cambridge Books, Cambridge University Press, number 9780521480857.
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    12. 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.
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    Cited by:

    1. Rolando H. Castañeda, 2003. "The Cuban External Sector in 1989-2002: Some Observations on Achievements, Failures and Challenges," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 13.

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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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