Trade liberalization in the CSFR, Hungary, and Poland: rush and reconsideration

Gacs, J. (1994). Trade liberalization in the CSFR, Hungary, and Poland: rush and reconsideration. In: International Trade and Restructuring in Eastern Europe. pp. 123-153 Germany: Physica-Verlag HD. ISBN 978-3-662-28276-2 10.1007/978-3-662-28276-2_6.

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n the rich literature on attempts at liberalizing trade there is ample evidence that for less developed economies trade liberalization usually takes a long period of time. The opening up of economies has successive phases of progress, reversals, and even serious regressions. Taking an overly restrictive trade regime as a starting point, the whole process of liberalization may last for two to three decades on average.1 The chance of success of a zealous move for trade liberalization depends on many factors: the position of the economy in the international distribution of labor; the tendency of balance of payments, external indebtedness, and foreign aid; the accompanying package of macroeconomic policies; the stage the economy achieved in establishing modern institutions of a market economy; the efficiency of its political institutions; the power of pressure groups, and so on.

Item Type: Book Section
Research Programs: Economic Transition and Integration (ETI)
Depositing User: Romeo Molina
Date Deposited: 04 May 2016 09:44
Last Modified: 27 Aug 2021 17:41

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