Detente, Market-Oriented Reform and German Unification: Potential Consequences for the World Trade System
Based on a gravity model for forty-nine countries in the year 1985, this article reports simulation results concerning the potential consequences for the world trade system of East-West trade normalization. It appears that Eastern Europe stands to gain relatively the most. In the OECD-area, Western Europe will be able to improve on its comparative trading position, especially the member-countries of the EFTA. The developments in Europe appear to influence the trade flows of the other continents only marginally. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG
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Volume (Year): 43 (1990)
Issue (Month): 4 ()
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