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Institutional reform and export competitiveness of central and Eastern European economies

Chadee, Doren, Kouznetsov, Alex and Roxas, Banjo 2016, Institutional reform and export competitiveness of central and Eastern European economiesInternational business: concepts, methodologies, tools, and applications, IGI Global, Hershey, Pa, pp.1402-1425, doi: 10.4018/978-1-4666-9814-7.ch065.

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Title Institutional reform and export competitiveness of central and Eastern European economies
Author(s) Chadee, DorenORCID iD for Chadee, Doren
Kouznetsov, Alex
Roxas, Banjo
Title of book International business: concepts, methodologies, tools, and applications
Publication date 2016
Chapter number 65
Total chapters 108
Start page 1402
End page 1425
Total pages 24
Publisher IGI Global
Place of Publication Hershey, Pa
Summary Following their political and economic independence in 1989, a group of ten Central and Eastern European countries (CEEs) embarked on major institutional reforms to modernise their economies in order to become an integral part of the global economy. This chapter provides an overview of the main institutional reforms undertaken in the CEEs and their effects on export competitiveness. The chapter focuses on selected meso and macro institutional reforms, namely price liberalisation, competition policy, trade and foreign exchange, privatisation, and corporate governance. The results show that institutional reforms in the CEEs were rapid and generally successful. All CEEs became members of the European Union (EU) and the World Trade Organization (WTO). Institutional reforms contributed significantly to improved efficiency and growth in the export sector. The results also suggest that further reforms are needed to improve competition policy and corporate governance, both of which are still below the standards found in Western industrialised countries.
ISBN 9781466698161
Language eng
DOI 10.4018/978-1-4666-9814-7.ch065
Field of Research 150308 International Business
Socio Economic Objective 970115 Expanding Knowledge in Commerce
HERDC Research category B1 Book chapter
ERA Research output type B Book chapter
Copyright notice ©2016, IGI Global
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Document type: Book Chapter
Collection: Department of Marketing
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