Abstract
Good export performance in Western markets by Hungary, Poland, the CSFR, and Bulgaria in 1990 and 1991, coupled with the new climate of trade liberalization on both sides, is sometimes described as the bright spots in an otherwise dim economic picture due to the mounting difficulties of the transition process (UN ECE, 1991). At the same time, some see the possibility of an export-led economic recovery for these Central and Eastern European countries (CEECs). Predictions of huge, long-run increases in trade with the West add to the optimism (Collins and Rodrik, 1991; Wang and Winters, 1991; and Hamilton and Winters, 1992). However, the path to recovery is not as smooth as it appears, even on the trade front. Some of the obstacles can best be understood by making first a structural analysis of the basic features of the EC-CEEC trade flows.
Some sections axe reprinted from Graziani (1993), by permission of the publisher.
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Graziani, G. (1994). Trade Patterns and Comparative Advantages of Central Eastern Europe with EC Countries. In: Gács, J., Winckler, G. (eds) International Trade and Restructuring in Eastern Europe. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-28276-2_9
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DOI: https://doi.org/10.1007/978-3-662-28276-2_9
Publisher Name: Physica, Heidelberg
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