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Market-oriented Reform of Foreign Trade in Planned Economies

In: Market Forces in Planned Economies

Author

Listed:
  • Thomas A. Wolf

    (International Monetary Fund)

  • Kazimierz Laski

    (University of Linz and Vienna Institute of Comparative Economic Studies)

  • Urszula Plowiec

    (Foreign Trade Research Institute)

Abstract

It has long been evident that greater integration of centrally planned economies (CPEs) into the world economy depends on fundamental reform of their foreign trade systems. In several CPEs, reforms designed to end their insulation from international markets, particularly for manufactures, have involved initiatives to dismantle the traditional institutional monopoly of foreign trade, to provide individual enterprises with both the autonomy and incentives to participate more actively in foreign markets, and to link the domestic price system more fully with the structure of prices prevailing abroad.1 Planned economies undertaking particularly ambitious foreign trade reforms include China, Hungary, Poland and, relatively recently, the Soviet Union.

Suggested Citation

  • Thomas A. Wolf & Kazimierz Laski & Urszula Plowiec, 1990. "Market-oriented Reform of Foreign Trade in Planned Economies," International Economic Association Series, in: Oleg T. Bogomolov (ed.), Market Forces in Planned Economies, chapter 10, pages 199-226, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11559-4_10
    DOI: 10.1007/978-1-349-11559-4_10
    as

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