IDEAS home Printed from https://ideas.repec.org/a/kap/ecopln/v24y1991i2p65-91.html
   My bibliography  Save this article

External Shocks, Economic Reforms, and the Foreign Trade Behavior of the Soviet Union, China, and Hungary, 1970-1987

Author

Listed:
  • Lee, Keun
  • James, William E

Abstract

This article finds that the export demand effect of external shocks had the strongest impact on the USSR. The effect was second largest in China and Hungary, and smallest in the NICs. The USSR responded to external shocks in a manner typical of the traditional centrally-planned economy. It was unable to strengthen export promotion and import substitution, and instead relied on external borrowing to adjust. This was not the case with either of the reform economies of China and Hungary. Outward-oriented China relied on exports to pay for imports and foreign borrowing to continue its growth and reform program. Inward-oriented Hungary relied on import substitution and a slowdown of demand to reduce reliance on foreign borrowing.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Lee, Keun & James, William E, 1991. "External Shocks, Economic Reforms, and the Foreign Trade Behavior of the Soviet Union, China, and Hungary, 1970-1987," Economic Change and Restructuring, Springer, vol. 24(2), pages 65-91.
    • Handle: RePEc:kap:ecopln:v:24:y:1991:i:2:p:65-91
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:ecopln:v:24:y:1991:i:2:p:65-91. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.