Download or read book Intra industry Trade Foreign Direct Investment and the Reorientation of Eastern European Exports written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intra Industry Trade Foreign Direct Investment and the Reorientation of Eastern European Exports written by Bernard M. Hoekman and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: September 1996 To what extent does growth in exports in Central and Eastern Europe reflect economic restructuring and changes in the composition of trade as opposed to redirection of traditional CMEA exports to the West? In the first half of the 1990s, after the demise of central planning, exports to OECD countries from many Central and Eastern European countries grew rapidly. Hoekman and Djankov explore what trade data suggest about the extent to which growth in exports reflect economic restructuring and changes in the composition of trade as opposed to redirection of traditional CMEA exports to the West. They also investigate the role of vertical intra-industry exchange in the expansion of trade with Western Europe - that is, getting inputs from European Union (EU) suppliers that are then used in the production of goods exported to the EU. They find a strong relationship between export performance and growth in vertical intra-industry trade with the EU. The Czech and Slovak Republics, Hungary, Poland, and Slovenia all rely heavily on the EU for inputs - more so than Austria, Portugal, and Spain, for example. As their per capita exports to the EU have also grown the fastest, this appears to be a characteristic of successful transition. The Czech and Slovak Republics registered the highest growth in exports and the greatest reorientation in the pattern of trade. They have the highest level and rate of growth in intra-industry trade with the EU, but have undergone the least change in composition of exports. But substantial changes have occurred in the composition of exports within traditional export categories. This suggests that Czech and Slovak firms pursued a strategy of upgrading and differentiating traditional exports, relying on EU firms for new machinery, components, and know-how. Simple redirection of goods that were traditionally exported to CMEA markets does not appear to have played an important role in the growth of exports to Western Europe. Export growth is in products that were not exported to the CMEA or in traditional export items that have been substantially upgraded or differentiated. Inflows of foreign direct investment - limited before 1994 - correlate highly with levels of intra-industry trade. But if large investments in the automobile sector are excluded, foreign direct investment seems unlikely to have been a major force driving the growth of intra-industry trade. These exchanges and the underlying integration into the world economy (Western Europe) mostly reflect arm's-length transactions between Central and Eastern European firms and their European counterparts. This paper - a product of the Private Sector and Finance Team, Europe and Central Asia, and Middle East and North Africa Technical Department - is part of a larger effort in the department to monitor economic developments in Central and Eastern Europe.
Download or read book Intra industry Trade Foreign Direct Investment and the Reorientation of East European Exports written by Bernard M. Hoekman and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book European Trade and Foreign Direct Investment U shaping Industrial Output in Central and Eastern Europe written by Alexander Repkine and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Intra industry Trade written by Tina Yiping Chen and published by . This book was released on 2000 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Trade in Transition Countries written by Petra Naujoks and published by . This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fostering Sustainable Growth in Ukraine written by Stephan von Cramon-Taubadel and published by Springer Science & Business Media. This book was released on 2002-01-11 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores the recent impressive economic growth in Ukraine from a regional and international perspective. In doing so, it looks at the extent to which economic reform, a positive international economic climate and the devaluation of the Hryvnia in 1998/99, have contributed to economic growth in Ukraine. The text also examines the steps that need to be taken to ensure that this growth continues. The book features contributions by over twenty Ukrainian and international experts, who provide insights from neighbouring countries with detailed analysis of the current situation in Ukraine.
Download or read book The Spanish Economy in the New Europe written by C. Martìn and published by Springer. This book was released on 2000-01-20 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses how EU economies have fared in their project of economic and monetary union. Drawing on an entirely new data bank for all fifteen member countries, it takes the Spanish economy as a point of departure to compare their gains and losses. It also considers the implications for the welfare state, enlargement towards Eastern Europe and the political integration of Europe. Combining rigorous analysis and clarity of style, the book is of value to both specialists and the general reader.
Download or read book Reinventing Poland written by Martin Myant and published by Routledge. This book was released on 2008-03-03 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of communism and accession to the European Union have had a huge impact on Poland. This book provides an overall assessment of the post-1989 transformation in Poland, covering economic transformation; the heritage of the past and national identity; and regional and political developments before and after EU accession.
Download or read book Industrial Restructuring and Trade Reorientation in Eastern Europe written by Michael A. Landesmann and published by Cambridge University Press. This book was released on 1995-04-13 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the reorientation of foreign trade and industrial restructuring in Eastern Europe.
Download or read book The Great Rebirth written by Anders Aslund and published by Peterson Institute for International Economics. This book was released on 2014-10-29 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fall of communism 25 years ago transformed the political and economic landscape in more than two dozen countries across Europe and Asia. In this volume political leaders, scholars, and policymakers assess the lessons learned from the “great rebirth” of capitalism, highlighting the policies that were the most successful in helping countries make the transition to stable and prosperous market economies, as well as those cases of countries reverting to political and economic authoritarianism. The authors of these essays conclude that visionary leadership, and a willingness to take bold and comprehensive steps, achieved the best outcomes, and that privatization of state-owned enterprises and deregulation were essential to success. Recent backsliding, such as the reversal of economic and democratic reforms in Russia and Hungary, has cast a shadow over the legacy of the transition a quarter century ago, however.
Download or read book Political Economy of Transition written by Jozef M. van Brabant and published by Routledge. This book was released on 2012-11-12 with total page 659 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the policy questions surrounding the challenge of transforming eastern European economies from their planned, administrative past to vibrant market-based entities. Jozef van Brabant considers in turn, the wider set of challenges facing these economies - stabilization, privatization, liberalization, institution building, and developing and maintaining the sociopolitical consensus - before examining the evolving role of the state. Using concrete examples from the eastern European countries throughout, including the Czech Republic and Bulgaria, this work systematically examines, in a society-wide context, the initial conditions of transformation, the policy tasks ahead and the manner in which policies have been pursued.
Download or read book Macroeconomic Causes of Unemployment Diagnosis and Policy Recommendations written by Wolfgang Filc and published by Duncker & Humblot. This book was released on 2015-03-03 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference volume deals with one of the most severe economic, social and political problems major European economies face since the early nineties, the problem of lasting high unemployment. Contrary to the current German discussion, solely concentrating on microeconomic explanations and therapy recommendations, this volume presents papers based on various macro-economic points of view, showing different ways out of the employment crisis. Apart from renowned German economists, some well-known international academics participated in the 1998 Berlin symposium, to learn from experience in other countries.The first chapter contains the main standard textbook models and paradigms explaining lasting high unemployment. The question in the second chapter is if it is possible to fight unemployment with the help of macro policy on a purely national basis in the presence of global markets. The third chapter indicates possible effects of misalignments in financial markets on economic growth and employment. The contributions of the fourth chapter present experiences of other countries, which have succeeded in recent years in lowering their unemployment rates. The question at issue is, if these concepts can be transferred to Germany. The topics of the concluding chapter are practical macroeconomic starting points for sustainable employment growth in Europe. The methods contradict supply side arguments for the stabilisation of employment predominant in the German discussion. Attention is focused on relations between the role of monetary and fiscal policy in close conjunction with wage policy. Furthermore it is made evident that in global markets a theoretical macroeconomic concept as a base for sustainable employment is not very promising without enhanced international co-operation.
Download or read book The Emerging Economic Geography in EU Accession Countries written by Peter Nijkamp and published by Routledge. This book was released on 2017-11-30 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Since 1990, Central and Eastern European countries have experienced increased economic integration with the European Union. The spatial implications of this process have been little investigated so far. Have patterns of regional specialization and industrial concentration changed during the 1990s? How does regional specialization relate to economic performance? How has access to Western markets affected the regional wage structure? What types of regions are winners and what types of regions are losers? This book poses and answers such policy relevant questions. It is organized into three parts. The first introduces the main features of economic integration and transition processes in Central and Eastern Europe and discusses the theoretical and methodological framework of the research. The second part examines the cases of five countries: Bulgaria, Estonia, Hungary, Romania and Slovenia, and the final part includes three comparative analyses which explain the underlying factors that determine the changing patterns of location of manufacturing activity, the adjustment pattern of regional wages and adaptation processes in border regions in the five countries.
Download or read book South Asia s Integration Into the World Economy written by and published by World Bank Publications. This book was released on 1997-01-01 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America, economic policy, Caribbean area, economic stabilization, poverty, government policy.
Download or read book External Finance and Foreign Debt in Central and Eastern European Countries written by Stefano Manzocchi and published by International Monetary Fund. This book was released on 1997-10-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows.
Download or read book Financial Constraints Uses of Funds and Firm Growth and International Comparison written by Vojislav Maksimovi?, Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1996 The findings suggest that across very different financial systems, financial markets and intermediaries have a comparative advantage in funding short-term investment. An active, though not necessarily large, stock market and high scores on an index of respect for legal norms are associated with faster than predicted rates of firm growth. Government subsidies to industry do not increase the proportion of firms growing faster than predicted. Demirgüç-Kunt and Maksimovic focus on two issues. First, they examine whether firms in different countries finance long-term and short-term investment similarly. Second, they investigate whether differences in financial systems and legal institutions across countries are reflected in the ability of firms to grow faster than they might have by relying on their internal resources or short-term borrowing. Across their sample, they find: * Positive correlations between investment in plant and equipment and retained earnings. * Negative correlations between investment in plant and equipment and external financing. * Negative correlations between investment in short-term assets and retained earnings. * Positive correlations between investment in short-term assets and external financing. These findings suggest that across very different financial systems, financial markets and intermediaries have a comparative advantage in funding short-term investment. For each firm in their sample, they estimate a predicted rate at which it can grow if it does not rely on long-term external financing. They show that the proportion of firms that grow faster than the predicted rate in each country is associated with specific features of the legal system, financial markets, and institutions. An active, though not necessarily large, stock market and high scores on an index of respect for legal norms are associated with faster than predicted rates of firm growth. They present evidence that the law-and-order index measures the ability of creditors and debtors to enter into long-term contracts. Government subsidies to industry do not increase the proportion of firms growing faster than predicted. This paper - a product of the Finance and Private Sector Development Division, Policy Research Department - is part of a larger effort in the department to understand the impact of financial constraints on firm growth.