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Published online by Cambridge University Press:  03 February 2010

Stanley W. Black
Affiliation:
University of North Carolina, Chapel Hill
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Summary

This paper addresses topics of considerable concern to both policymakers and researchers. For example, how will trade flows from transitioning economies in Eastern Europe affect economies in the West? How important are restrictions on trade in “sensitive” sectors? The paper also presents a variety of interesting facts and figures about recent trade developments.

I see two main conclusions of the paper. First, it documents that there has been a significant increase in trade between the CEEC-6 and its Western European trading partners, especially Germany. Second, the rise in Western European imports of “sensitive” goods has been quite a bit smaller than the overall rise in imports and the paper suggests that this is largely attributable to trade restrictions. The paper's two main findings are broadly sensible. However, I have some questions about aspects of the paper. I would also like to offer some alternative interpretations of some of the authors' findings. In my comments, I will follow the general outline in the paper.

The first section of the paper provides a useful and informative overview of recent developments in trade flows between the CEEC-6 and five Western European countries. In particular, it documents that trade with the CEEC-6 has increased as a share of the West's total trade, and that Germany, France, Italy, and the UK (but not Portugal) have seen an improvement in their trade balances vis-á-vis the CEEC-6.

Type
Chapter
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Europe's Economy Looks East
Implications for Germany and the European Union
, pp. 97 - 99
Publisher: Cambridge University Press
Print publication year: 1997

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  • Comments
  • Stanley W. Black, University of North Carolina, Chapel Hill
  • Book: Europe's Economy Looks East
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511551857.006
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  • Comments
  • Stanley W. Black, University of North Carolina, Chapel Hill
  • Book: Europe's Economy Looks East
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511551857.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Comments
  • Stanley W. Black, University of North Carolina, Chapel Hill
  • Book: Europe's Economy Looks East
  • Online publication: 03 February 2010
  • Chapter DOI: https://doi.org/10.1017/CBO9780511551857.006
Available formats
×