Integration of Eastern Europe Into the World Trading System

Author/Editor:

Helen B. Junz

Publication Date:

March 1, 1991

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be comprehensive, with clarity of purpose and predictability of action. Nevertheless, while gradualism should not be used as an excuse for delay, reforms must be harmonized with the timetable of requisite institutional change. In any case, reform must be accompanied by trade liberalization to help break down domestic monopolies and to gain the efficiencies from division of labor.

Series:

Working Paper No. 1991/024

Subject:

Comparative advantage General Agreement on Tariffs and Trade International trade Trade relations Trade systems

English

Publication Date:

March 1, 1991

ISBN/ISSN:

9781451920932/1018-5941

Stock No:

WPIEA0241991

Pages:

9

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