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From disintegration to reintegration: Eastern Europe and the former soviet union in international trade

Contributor(s): Material type: TextTextPublication details: Washington, D. C. The World Bank 2005 Description: xxv, 414 pISBN:
  • 9780821361979
Subject(s): DDC classification:
  • 382
Summary: From disintegration to reintegration: Eastern Europe and the Former Soviet Union in international trade finds that, with the transition from communism to capitalism and the disintegration of the Soviet trade bloc, the region is coming full circle - albeit not ending up where it started - reintegrated into international commerce. The region as a whole has experienced rapid trade flows and now trades largely in line with comparable regions in the world. But two new intro-regional trade blocs are emerging, one tending toward the advanced countries in Western Europe and enjoying relatively high national incomes, the other significantly poorer and pulling back toward a Russia-centric sphere,still dominated by commodity trade and risking non participation in the modern international division of Labor.
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From disintegration to reintegration: Eastern Europe and the Former Soviet Union in international trade finds that, with the transition from communism to capitalism and the disintegration of the Soviet trade bloc, the region is coming full circle - albeit not ending up where it started - reintegrated into international commerce. The region as a whole has experienced rapid trade flows and now trades largely in line with comparable regions in the world. But two new intro-regional trade blocs are emerging, one tending toward the advanced countries in Western Europe and enjoying relatively high national incomes, the other significantly poorer and pulling back toward a Russia-centric sphere,still dominated by commodity trade and risking non participation in the modern international division of Labor.

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