Institutional reform and export competitiveness of central and Eastern European economies

Doren Chadee, Alex Kouznetsov, Banjo Roxas

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

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.

Original languageEnglish
Title of host publicationInternational Business
Subtitle of host publicationConcepts, Methodologies, Tools, and Applications
PublisherIGI Global Publishing
Pages1402-1425
Number of pages24
ISBN (Electronic)9781466698161
ISBN (Print)9781466698154
DOIs
Publication statusPublished - 1 Jan 2016
Externally publishedYes

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  • Cite this

    Chadee, D., Kouznetsov, A., & Roxas, B. (2016). Institutional reform and export competitiveness of central and Eastern European economies. In International Business: Concepts, Methodologies, Tools, and Applications (pp. 1402-1425). IGI Global Publishing. https://doi.org/10.4018/978-1-4666-9814-7.ch065