Trade and development

Trade and development - enforcement of contracts Political...

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Trade and Development Selected parts from ch. 14 Pages: 322-323; 337- 338; 169-170
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The experience of transitional economies History National self-sufficiency was a policy goal Foreign trade was monopolized by the state Planning of international trade Specialization within the eastern bloc Emphasis on heavy industries
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Reforms needed Market reforms – liberalization Privatization of state owned enterprises Land reforms Legal reforms – protections of property and
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Unformatted text preview: enforcement of contracts Political reforms introduction of democracy Changes in trade patterns Changing trading partners (trade creation and trade diversion) Less reliance on extreme specialization Emphasis on quality and competitiveness Export of consumer goods to other European countries Low cost labour advantage Import of consumer goods from new trading...
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This document was uploaded on 12/04/2011.

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Trade and development - enforcement of contracts Political...

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