Foreign Trade in the Centrally Planned Economy

Analyses the main institutional and policy determinants of the foreign trade behaviour of a centrally planned economy and studies factors that affect the level and pattern of foreign trade. 1. Introduction; 2. Institutional and Policy Context; Institutional Determinants of Foreign Trade Behavior; Policy Determinants of Foreign Trade Behavior; 3. Foreign Trade Decisionmaking; The Efficiency of Foreign Trade and the Exchange Rate; The CPE Offer Curve; Other Issues; 4. Foreign Trade and the Macroeconomy; System-Determined Statistical Problems in Macroeconomic Analysis; Internal and External Balance; 5. Economic Reform and Foreign Trade; Institutional Arrangements of the Modified Planned Economy; Foreign Trade Decisionmaking in the MPE; Foreign Trade and the Macroeconomy; 6. Summary; Acknowledgement; References; Index;