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Implications of GATT for Eastern Europe and the Baltics

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  • Grazyna M. Michalska
  • Rachael E. Goodhue
  • Arthur A. Small

Abstract

The story of agriculture in Eastern Europe during the last quarter century is a story of policy driven by politics, rather than by sound economics. Even in the highly distorted economics of the socialist period, agricultural policy stands out as being singularly colored by ideological imperatives, and singularly vulnerable to interest group pressures. While the revolutions of 1989-91 did mark a sharp move towards liberalization, these moves are now being slowed and even reversed, as countries of the region adopt Western style interventionism on preparation for accession to the European Union.

Suggested Citation

  • Grazyna M. Michalska & Rachael E. Goodhue & Arthur A. Small, 1992. "Implications of GATT for Eastern Europe and the Baltics," Center for Agricultural and Rural Development (CARD) Publications 93-gatt7, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:93-gatt7
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    References listed on IDEAS

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    1. Appelbaum, Elie & Katz, Eliakim, 1987. "Seeking Rents by Setting Rents: The Political Economy of Rent Seeking," Economic Journal, Royal Economic Society, vol. 97(387), pages 685-699, September.
    2. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    3. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-349, June.
    4. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    5. Zusman, Pinhas, 1976. "The Incorporation and Measurement of Social Power in Economic Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(2), pages 447-462, June.
    6. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, March.
    7. Kislev, Yoav & Lerman, Zvi & Zusman, Pinhas, 1989. "Credit cooperatives in Israeli agriculture," Policy Research Working Paper Series 156, The World Bank.
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