REGULATORY AND LEGAL SUPPORT FOR THE ADAPTATION OF THE TRADE POLICY OF CENTRAL AND EASTERN EUROPEAN COUNTRIES TO THE COMMON TRADE POLICY OF THE EU

Анотація

The adaptation of the trade policy of the CEE countries and the creation of appropriate institutional conditions for joining the EU lasted more than a decade, which is explained by the complexity of the initial conditions after several post-war decades of experimentation with the administrativeplanned economy and the economic and socio-political difficulties of the transition to market economy.This was influenced by cultural and psychological peculiarities, imperfection and instability of the regulatory and legal framework, and in some cases the inconsistency of market transformations.With the beginning of the transition (transformation) process in the late 1980s -early 1990s, the biggest obstacle was the structural problems inherited from being in a post-war socialist camp.Foreign trade within the scope of the Council for Mutual Economic Assistance (hereafter -REV) created two types of deformations.Firstly, under conditions of relative economic closure, a production structure was formed, which did not allow to compete on the world market on the basis of comparative advantages.Secondly, there were increased trade flows between the participating countries than the market conditions predicted 1 .It is estimated that in 1988, the volume of trade between the REV countries was about 10% of the volume of world trade.Therefore, the collapse of this economic entity could not but be affected by the decrease in the volume of foreign trade and the resulting decline in production.Separate calculations show that the respective GDP losses were 3.5% for Poland, and 7.8% for Hungary and the Czech Republic 2 .In Hungary, where the decrease 1 Biessen G.

Класифікація

Ідентифікатори

Схожі роботи