Trade Performance and Trade Policy in Central and Eastern Europe

Zdenek Drabek and Alasdair Smith

No 1182, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: The radical liberalization of foreign trade in Central and Eastern Europe since 1989 has been a key part of the economic reform and has been accompanied by a full-scale geographical reorientation of international trade from East to West. Increased trade with the EU has been associated with remarkably little change in the structure of that trade, which suggests that policy should be oriented towards facilitating rather than slowing industrial adjustment. Future trade policy priorities should include continued liberalization, better coordination of trade and exchange rate policy, the attraction of foreign direct investment, resistance to pressures for selective protection, further development of trade relations with the EU and of intra-regional trade relations, and full participation in the WTO.

Keywords: Central and Eastern Europe; Economic Reform; European Integration; Foreign Direct Investment; Trade Liberalization (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 (search for similar items in EconPapers)
Date: 1995-05
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Citations: View citations in EconPapers (17)

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