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Trade Policy During the Transition: Lessons from the 1990s

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  • Paul Hare

Abstract

This paper draws out some key lessons from the trade policy experience of transition economies during the 1990s. It does so by examining what trade policy was actually pursued, covering liberalisation of trade in goods and services, liberalisation of the capital account and the approach towards FDI, and exchange rate policy. At the same time, limitations on trade imposed by trade partners (e.g. EU trade barriers covering so called “sensitive products”) are reviewed. Based on the policies pursued, the effects on the direction, composition and scale of trade by the transition economies are then summarised. The paper concludes by discussing the form of an “ideal’ trade policy under transition conditions, and elicits lessons from the 1990s experience of trade policy in the region.

Suggested Citation

  • Paul Hare, 2001. "Trade Policy During the Transition: Lessons from the 1990s," The World Economy, Wiley Blackwell, vol. 24(4), pages 433-452, April.
  • Handle: RePEc:bla:worlde:v:24:y:2001:i:4:p:433-452:b
    DOI: 10.1111/1467-9701.00367
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    Cited by:

    1. Edgar Cudmore & John Whalley, 2005. "Border Delays and Trade Liberalization," NBER Chapters, in: International Trade in East Asia, pages 391-406, National Bureau of Economic Research, Inc.
    2. Richard Pomfret, 2003. "Trade and Exchange Rate Policies in Formerly Centrally Planned Economies," The World Economy, Wiley Blackwell, vol. 26(4), pages 585-612, April.

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