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Market-Oriented Reform of Foreign Trade in Planned Economies

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  • International Monetary Fund

Abstract

This paper reviews the main features of market-oriented foreign trade reforms in planned economies. It considers reform initiatives aimed at expanding enterprise autonomy and breaking up the state monopoly of foreign trade, modifying the exchange rate system, and reforming the domestic price structure and ultimately the price system. The study emphasizes that the success of foreign trade reform, and therefore of a trade policy aimed at fundamental integration of planned economies into the world economic system, ultimately depends as well on the successful implementation of compatible reforms in the domestic economy as a whole.

Suggested Citation

  • International Monetary Fund, 1990. "Market-Oriented Reform of Foreign Trade in Planned Economies," IMF Working Papers 1990/028, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:1990/028
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    Cited by:

    1. Lin, Guijun & Schramm, Ronald M., 2003. "China's foreign exchange policies since 1979: A review of developments and an assessment," China Economic Review, Elsevier, vol. 14(3), pages 246-280.

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