The Council for Mutual Economic Assistance (CMEA) was established by Bulgaria, Czechoslovakia, Hungary, Poland, Romania and the Soviet Union in 1948 as a response to the Marshall Plan. But unlike the Marshall...
Certain experts have expressed the view that developed country imports from developing countries have a tendency to increase less rapidly than their gross domestic product. Additionally, the view has been...
Perestroyka, introduced in the Soviet Union to reform the economy after the "period of stagnation" under Brezhnev, involves combining centralized planning with elements of a market economy. For it to succeed...
This paper examines the implications for EMENA of EEC trade policy. Following an analysis of EEC trade agreements with EMENA countries, the paper has shown that EMENA's trade performance in the EEC has...
This paper provides evidence on the effects of interest rates on savings in developing countries. While the evidence is not conclusive, time-series estimates for individual countries as well as cross-section...
The United States has often been criticized for protectionist measures taken against developing country products. Yet, average agricultural protection has reemained practically nil in the U.S. over time...
The exploitation of the Soviet Union's foreign trade potential would necessitate adopting a realistic exchange rate and increasing the foreign exchange retention quotas for direct and indirect exporters...
This paper begins by examining the existing conceptual framework for stabilization policies and inquires into the question as to an appropriate framework for adjustment policies. Next, the instruments...
This paper presents a quantitative analysis of adjustment programs in developing countries that received adjustment loans from the World Bank. Data have been provided for loan recipients and non-recipients...
Sharp fluctuations in the export prices of a major staple commodity can have jarring effects on economic activity. To reduce these undesirable effects and at the same time, increase the government's share...
This paper examines the reasons for the shift towards the privatization of public enterprises in developing countries and the conditions under which privatization will bring the desired results. It is...
The paper reviews the proximate objectives the exchange rate regimes of developing countries may serve. These objectives include eschewing foreign exchange restrictions, maintaining realistic exchange...
This paper sets out to examine the economic effects of exchange rate changes in developing countries by the use of alternative definitions of the real exchange rate. The evidence presented in the paper...
The findings of this paper indicate that exports in general, and agricultural exports in particular, strongly respond to price incentives. This conclusion has been established by an econometric analysis...
This paper provides evidence on the unfavorable effects factor market distortions have on the efficiency of resource allocation and on employment in developing countries. It further shows that the policy...
This paper indicates the benefits developing countries may derive through international trade. It reviews recent trends in world trade in major product groups; analyzes the economic performance of developing...
This paper examines the determinants of intra-industry specialisation in manufactured goods in bilateral trade among countries whose manufactured exports exceeded $300 million and accounted for at least...
Following a review of the macroeconomic situation, this paper makes recommendations for the efficient promotion of exports in Hungary. It further reviews the conditions existing in factor markets and suggests...
This paper was originally presented at the Conference on "Industrial Organization, Trade and Investment in North America: U.S.A., Canada, and Mexico," held in Merida, Mexico on December 16-18, 1985. It...
The paper makes recommendations for simultaneously establishing macroeconomic equilibrium and extending the reform effort in China. As to the latter, recommendations are made: (a) for increasing the decision-making...