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Books > Social sciences > Politics & government > Central government > Central government policies
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Trade and Transition - Trade Promotion in Transitional Economies (Paperback, illustrated edition)
Loot Price: R1,821
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Trade and Transition - Trade Promotion in Transitional Economies (Paperback, illustrated edition)
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Integration with the world economy is crucial to economic success
for most, if not all, transitional economies. Rapid development of
successful exports is vital to that aim. Governments can help
through export promotion policies. These include the general
macroeconomic policies governing the level of domestic demand and
the exchange rate, but also direct support through institutions to
provide insurance, finance and marketing assistance for exporters.
As important market failures affect foreign trade, governments have
good reason to intervene. In transitional economies market failures
are even more common and acute because of their recent history of
planned allocation, but their attempts to correct for market
failures and support exporters have been weak so far. There is much
scope for improvement and for lessons to be learned for both them
and for latecomers to transition.
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