The effect of trade liberalization in south-Eastern European Countries

Type de publication : Article Scientifique

Date de la publication : Décembre 2008

Auteur(s) : M. LAMOTTE Olivier

Editeur : Research Monitor

Détails (Pages/Numéro) : n°5

Abstract : The dissolution of the Council of Mutual Economic Assistance (CMEA), and the breakdown of the Socialist Federative Republic of Yugoslavia (SFRY) in 1991 have deeply affected trade flows of South-Eastern European (SEE) countries. They have also created incentives and initiatives for a reshaping of trade patterns in the region. A first initiative was the progressive integration of SEE countries to the World Trade Organization (WTO). A second initiative was the regional economic integration with the European Union (EU). Finally, a sub-regional process of economic integration has emerged through the Central European Free Trade Agreement (CEFTA) and a set of bilateral trade agreement. As a result of these policies the IMF highlights in 2002 that SEE countries have relatively open trade economies. Thus these countries offer a natural experiment to assess the effects of trade liberalization, first, on trade flows and second on the firms'performance.

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