Foreign Economic Liberalization: Transformations in Socialist and Market Economies

by Andras Koves (Editor)

Overview

This groundbreaking volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world. The opening essays contribute to the theoretical debate by showing that foreign economic liberalization goes beyond reducing import barriers to policies on investment, financial liberalization, convertability, and export promotion. Case studies compare successful and unsuccessful liberalization attempts world wide. The disintegration of the CMEA and the policy dilemmas facing Central and Eastern Europe are examined in great detail, as the authors explore the pitfalls and opportunities inherent in the transformation from a centrally planned economy. This up-to-date text will be invaluable for courses on the history and transformation of socialist economies, comparative economic systems, and international trade and investment.

Product Details

ISBN-13:	9780367016234
Publisher:	Taylor & Francis
Publication date:	06/07/2019
Pages:	302
Product dimensions:	6.00(w) x 9.00(h) x (d)

Table of Contents

Introduction and Overview — Introduction — Economic Liberalization in Eastern Europe and in Market Economies — Market-Economy Experiences — The Design of Successful Trade Liberalization Policies — Liberalization Attempts and Outcomes — Policy Choices in the Newly Industrializing Countries — Foreign Trade Strategies of Nations: A New Interpretation — Liberalization and Foreign Direct Investment — Economic Liberalization in Spain — Trade Liberalization in Israel — Micro and Macro Foundations of Japan's Economic Success — Liberalization in Korea and Taiwan — Mexico's Liberalization and Eastern Europe — Hungary's Experiences and Policy Options — Transforming Commercial Relations within the CMEA: The Case of Hungary — Foreign Trade Liberalization (1968-1990) — Visible and Invisible Trade Regulation and Deregulation — Trade Policy Recommendations — Lessons of Market Economies for Hungary — Why We Must Liberalize in a Hungarian Way — Central and Eastern Europe and China — Poland and Eastern Europe: What Is to Be Done? — Liberalization and Stabilization — Liberalization and Privatization — Systemic Change: Constraints and Driving Forces — China's Industrial and Foreign Trade Reforms