The Fall of the “Iron Curtain”: Can the Central and East European Countries (CEECs) Face the Challenge of Trade-Restructuring and Integration?

Anca M. Voicu, Somnath Sen and Inmaculada Martínez-Zarzoso
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Anca M. Voicu: Rollins College
Somnath Sen: The University of Birmingham

Chapter 3 in Trade, Development and Structural Change, 2018, pp 43-65 from Palgrave Macmillan

Abstract: Abstract Overall, the gravity trade results above show that the CEECs had higher potential than actual in terms of trade with the developed economies of the European Union. They were not fulfilling their potential with developed Western Europe in the first phase of transition. As we shall see in later chapters, the position gets reversed by the end of transition and trade with the European Union becomes the engine of growth. The CEECs overfulfil their potential with actual trade racing ahead of what they could conceive of in the early 1990s.

Date: 2018
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DOI: 10.1057/978-1-349-59005-6_3

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