Regional Integration and Baltic Trade and Investment Performance
December 1, 1997
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Summary
This paper analyzes the role of regional arrangements in trade and foreign direct investment (FDI) performance in the Baltics. While progress with transition is a key determinant of trade and FDI performance, regional arrangements with Western Europe have helped develop trade and transfer of technology, but have not yet led to export-related foreign direct investment toward the European Union. The main reasons for this are policy uncertainties, need for more progress with transition, and restrictions in the trade agreements, especially on the European Union side. Intra-Baltic integration has not yet led to substantial trade and FDI growth between the Baltics.
Subject: Balance of payments, Exports, Foreign direct investment, International trade, Trade barriers, Trade liberalization, Trade policy
Keywords: Baltic trade, Baltics, EU agreement, EU concession, EU export, EU market, EU membership, EU trade, EU-EFTA-Baltic-Bulgaria-Romania cumulation, Europe, Exports, Foreign direct investment, free trade, hub-and-spoke system, protection level, protectionist trade regime, Trade barriers, Trade liberalization, trade openness, Trade policy, Western Europe, WP
Pages:
41
Volume:
1997
DOI:
Issue:
167
Series:
Working Paper No. 1997/167
Stock No:
WPIEA1671997
ISBN:
9781451858143
ISSN:
1018-5941
