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 Startseite » Ökonomie  » Entwicklung, Wachstum & Wissen  » Globalisierung & Außenhandel 
External Liberalization, Specialization, and Institutional Change in Times of Globalization
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External Liberalization, Specialization, and Institutional Change in Times of Globalization

The Case of Central, East and Southeast Europe

15 Seiten · 3,85 EUR
(28. September 2020)

 
 
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From introduction:

During the early nineties, central, east and southeast European countries set on liberalizing their economies on an unprecedented scale, including more or less speedy or profound external liberalizations in country-specific approaches. Since then, we have observed increasingly differentiated changes in these countries’ legal institutional bases. Based on a small but growing literature, we may conjecture that both observations do not only describe a chronological sequence but a causal relationship. This note discusses this conjecture and argues that the globalization of production processes acts as a channel in this causal relationship. Whether or not trade liberalization helps in improving countries’ domestic legal institutions depends on the nature of openness emanating from liberalization: some countries firms’ joined fragmented, globalized production processes, for others, the dependence on primary products even increased.


zitierfähiger Aufsatz aus ...
Reflexionen zur Sozialen Marktwirtschaft
Michael Grömling, Markus Taube (Hg.):
Reflexionen zur Sozialen Marktwirtschaft
the author
Prof. Dr. Richard Frensch
Richard Frensch

Professor of Economics, esp. Trade and Development of Central and Eastern Europe, University of Regensburg; Head of the Department of Economics, Institute for East and Southeast European Studies (IOS).