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| Author: | Pomfret, R. |
| Title: | Trade and Exchange Rate Policies in Formerly Centrally Planned Economies |
| Journal: | World Economy
2003 : APR, VOL. 26:4, p. 585-612 |
| Index terms: | TRADE EXCHANGE RATES ECONOMICS ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | This paper has argued that the integration of transition economies into the global trading system has been surprisingly successful. Almost all the countries in transition from central planning have accepted the WTO rule-based system in principle, even if there are variations in trade policies and performance, and have generally pursued multilateral non-discriminatory trade policies. The view that regionalism has flourished in the trade policies of transition economies is supported only by paper agreements, not by the reality of implemented trade policies. The only serious exceptions to this last generalisation are the ten EU candidates, for whom EU accession should be a guarantee of accepting WTO norms rather than a source of negative regionalism. |
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