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Commerce with the newly liberalizing countries: promised land, quicksand, or what?

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  • Norman S. Fieleke

Abstract

As liberalization takes on convincing shape and substance in Eastern Europe and the Soviet Union, international entrepreneurs the world over are entertaining visions of capitalizing on new business opportunities. No doubt the transformation of heretofore centrally directed economies into more nearly market economies will bring such opportunities, and will entail significant, if not dramatic, changes in the international commerce of these economies. ; is article presents an overview of trade between the \"newly liberalizing countries,\" or NLCs, and the rest of the world, and tenders some suggestions on how that trade might develop. Special attention is given to commerce between the United States and the NLCs. Some general observations on the creditworthiness of the NLCs are also presented

Suggested Citation

  • Norman S. Fieleke, 1990. "Commerce with the newly liberalizing countries: promised land, quicksand, or what?," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 19-33.
    • Handle: RePEc:fip:fedbne:y:1990:i:may:p:19-33
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    File URL: http://www.bostonfed.org/economic/neer/neer1990/neer390b.pdf
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    Cited by:

    1. Patricia S. Pollard, 1994. "Trade between the United States and Eastern Europe," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 25-46.

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    Keywords

    East-West trade; International trade;

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