How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies
The collapse of central planning set in motion the reintegration of the Central European countries into the world economy. The European Union (EU), because of its proximity, economic weight, and policy-induced deep integration, has shaped these cou...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/04/1089485/accession-european-union-affected-external-trade-foreign-direct-investment-central-european-economies http://hdl.handle.net/10986/19666 |
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okr-10986-19666 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURAL MARKETS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL TRADE APPLIED TARIFF ASSEMBLY OPERATIONS AUTONOMOUS TRADE BARRIERS TO IMPORTS BILATERAL AGREEMENTS BILATERAL CUMULATION BILATERAL FREE TRADE BILATERAL FREE TRADE AGREEMENTS CARBON CENTRAL PLANNING COMMON MARKET CONVERGENCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DEVELOPMENT DIVISION OF LABOR DOMESTIC INVESTORS DOMESTIC MARKETS DOMESTIC PRODUCERS DUTY-FREE ACCESS ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS EXTERNAL TRADE FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTORS FOREIGN TRADE FOREIGN TRADE POLICIES FOREIGN TRADE POLICY FREE ACCESS FREE COMPETITION FREE MOVEMENT FREE MOVEMENT OF LABOR FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE TRADE AREAS FREE TRADE ZONE GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT DEMAND IMPORT-COMPETING SECTORS IMPORTS INDUSTRIAL PRODUCTS INDUSTRIAL RESTRUCTURING INSTITUTIONAL CHANGE INTEGRATION PROCESS INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE LIBERALIZATION OF TRADE LOCAL INPUTS MACROECONOMIC MANAGEMENT MARKET ACCESS MARKET ECONOMIES MEMBER COUNTRIES MFN TARIFFS MULTILATERAL LIBERALIZATION MULTILATERAL TRADE MULTILATERAL TRADE NEGOTIATIONS MULTINATIONAL CORPORATIONS NON-TARIFF BARRIERS OUTSOURCING PATTERNS OF TRADE POLICY-INDUCED INTEGRATION POLITICAL ECONOMY PREFERENTIAL ACCESS PREFERENTIAL AGREEMENT PREFERENTIAL ARRANGEMENT PREFERENTIAL ARRANGEMENTS PREFERENTIAL MARGINS PREFERENTIAL PARTNERS PREFERENTIAL STATUS PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TREATMENT PRIVATE SECTOR PROCESS OF LIBERALIZATION PRODUCTION FACILITIES PRODUCTION NETWORKS PRODUCTS ORIGINATING QUANTITATIVE RESTRICTIONS QUOTAS REGIONAL AGREEMENTS REGIONAL ARRANGEMENTS REGIONAL BLOC REGIONAL INTEGRATION REGIONAL LIBERALIZATION REGIONALIZATION REMOVING TARIFFS RULES OF ORIGIN STRUCTURAL REFORMS TARIFF BARRIERS TARIFF CONCESSIONS TARIFF LINES TARIFF POLICY TARIFF RATES TARIFF REDUCTIONS TARIFF SCHEDULE TAXATION TRADE TRADE AGREEMENT TRADE BARRIERS TRADE CLASSIFICATION TRADE COMPONENT TRADE COMPONENTS TRADE DIVERSION TRADE EXPANSION TRADE INTEGRATION TRADE NEGOTIATIONS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE PROVISIONS TRADE REGIME TRADE RELATIONS TRADE REORIENTATION TRADING AREA TRADING PARTNER TRADING PARTNERS TRANSITION ECONOMIES UNILATERAL LIBERALIZATION UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION VALUE-ADDED RULE WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION |
| spellingShingle |
AGRICULTURAL MARKETS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL TRADE APPLIED TARIFF ASSEMBLY OPERATIONS AUTONOMOUS TRADE BARRIERS TO IMPORTS BILATERAL AGREEMENTS BILATERAL CUMULATION BILATERAL FREE TRADE BILATERAL FREE TRADE AGREEMENTS CARBON CENTRAL PLANNING COMMON MARKET CONVERGENCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DEVELOPMENT DIVISION OF LABOR DOMESTIC INVESTORS DOMESTIC MARKETS DOMESTIC PRODUCERS DUTY-FREE ACCESS ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS EXTERNAL TRADE FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTORS FOREIGN TRADE FOREIGN TRADE POLICIES FOREIGN TRADE POLICY FREE ACCESS FREE COMPETITION FREE MOVEMENT FREE MOVEMENT OF LABOR FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE TRADE AREAS FREE TRADE ZONE GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT DEMAND IMPORT-COMPETING SECTORS IMPORTS INDUSTRIAL PRODUCTS INDUSTRIAL RESTRUCTURING INSTITUTIONAL CHANGE INTEGRATION PROCESS INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE LIBERALIZATION OF TRADE LOCAL INPUTS MACROECONOMIC MANAGEMENT MARKET ACCESS MARKET ECONOMIES MEMBER COUNTRIES MFN TARIFFS MULTILATERAL LIBERALIZATION MULTILATERAL TRADE MULTILATERAL TRADE NEGOTIATIONS MULTINATIONAL CORPORATIONS NON-TARIFF BARRIERS OUTSOURCING PATTERNS OF TRADE POLICY-INDUCED INTEGRATION POLITICAL ECONOMY PREFERENTIAL ACCESS PREFERENTIAL AGREEMENT PREFERENTIAL ARRANGEMENT PREFERENTIAL ARRANGEMENTS PREFERENTIAL MARGINS PREFERENTIAL PARTNERS PREFERENTIAL STATUS PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TREATMENT PRIVATE SECTOR PROCESS OF LIBERALIZATION PRODUCTION FACILITIES PRODUCTION NETWORKS PRODUCTS ORIGINATING QUANTITATIVE RESTRICTIONS QUOTAS REGIONAL AGREEMENTS REGIONAL ARRANGEMENTS REGIONAL BLOC REGIONAL INTEGRATION REGIONAL LIBERALIZATION REGIONALIZATION REMOVING TARIFFS RULES OF ORIGIN STRUCTURAL REFORMS TARIFF BARRIERS TARIFF CONCESSIONS TARIFF LINES TARIFF POLICY TARIFF RATES TARIFF REDUCTIONS TARIFF SCHEDULE TAXATION TRADE TRADE AGREEMENT TRADE BARRIERS TRADE CLASSIFICATION TRADE COMPONENT TRADE COMPONENTS TRADE DIVERSION TRADE EXPANSION TRADE INTEGRATION TRADE NEGOTIATIONS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE PROVISIONS TRADE REGIME TRADE RELATIONS TRADE REORIENTATION TRADING AREA TRADING PARTNER TRADING PARTNERS TRANSITION ECONOMIES UNILATERAL LIBERALIZATION UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION VALUE-ADDED RULE WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION Kaminski, Bartlomiej How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| geographic_facet |
Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 2578 |
| description |
The collapse of central planning set in
motion the reintegration of the Central European countries
into the world economy. The European Union (EU), because of
its proximity, economic weight, and policy-induced deep
integration, has shaped these countries' politics, and
economics. The process of accession to the EU - which began
with the signing of the European Association Agreements in
1991 - has influenced their economic institutions, policies,
and performance. The author traces the emerging architecture
of commercial relations in Europe, and argues that the
accession process had its greatest impact on capital flows,
and later on good flows. The countries that have benefited
most from accession, are those that followed the path of
radical liberal reform. Radical liberal reform, combined
with preferential access to EU markets, attracted foreign
direct investment. The European Union provided an outlet,
initially for Central European countries'
unskilled-labor intensive products, and more recently for
skilled-labor intensive, and technology-based products.
Knowledge-intensive imports from the European Union, have
also contributed to industrial realignment in the Central
European countries. The prospect of accession, and, since
1998, unfettered access to EU markets for industrial
products, has given a boost to multinationals, relocating
production in these countries. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kaminski, Bartlomiej |
| author_facet |
Kaminski, Bartlomiej |
| author_sort |
Kaminski, Bartlomiej |
| title |
How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| title_short |
How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| title_full |
How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| title_fullStr |
How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| title_full_unstemmed |
How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies |
| title_sort |
how accession to the european union has affected external trade and foreign direct investment in central european economies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/04/1089485/accession-european-union-affected-external-trade-foreign-direct-investment-central-european-economies http://hdl.handle.net/10986/19666 |
| _version_ |
1764440332099911680 |
| spelling |
okr-10986-196662021-04-23T14:03:43Z How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies Kaminski, Bartlomiej AGRICULTURAL MARKETS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL TRADE APPLIED TARIFF ASSEMBLY OPERATIONS AUTONOMOUS TRADE BARRIERS TO IMPORTS BILATERAL AGREEMENTS BILATERAL CUMULATION BILATERAL FREE TRADE BILATERAL FREE TRADE AGREEMENTS CARBON CENTRAL PLANNING COMMON MARKET CONVERGENCE CUSTOMS CUSTOMS UNION DEVELOPED COUNTRIES DEVELOPMENT DIVISION OF LABOR DOMESTIC INVESTORS DOMESTIC MARKETS DOMESTIC PRODUCERS DUTY-FREE ACCESS ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES EXPORTERS EXPORTS EXTERNAL TARIFF EXTERNAL TARIFFS EXTERNAL TRADE FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTORS FOREIGN TRADE FOREIGN TRADE POLICIES FOREIGN TRADE POLICY FREE ACCESS FREE COMPETITION FREE MOVEMENT FREE MOVEMENT OF LABOR FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE TRADE AREAS FREE TRADE ZONE GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GROSS DOMESTIC PRODUCT HARMONIZATION IMPORT DEMAND IMPORT-COMPETING SECTORS IMPORTS INDUSTRIAL PRODUCTS INDUSTRIAL RESTRUCTURING INSTITUTIONAL CHANGE INTEGRATION PROCESS INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE LIBERALIZATION OF TRADE LOCAL INPUTS MACROECONOMIC MANAGEMENT MARKET ACCESS MARKET ECONOMIES MEMBER COUNTRIES MFN TARIFFS MULTILATERAL LIBERALIZATION MULTILATERAL TRADE MULTILATERAL TRADE NEGOTIATIONS MULTINATIONAL CORPORATIONS NON-TARIFF BARRIERS OUTSOURCING PATTERNS OF TRADE POLICY-INDUCED INTEGRATION POLITICAL ECONOMY PREFERENTIAL ACCESS PREFERENTIAL AGREEMENT PREFERENTIAL ARRANGEMENT PREFERENTIAL ARRANGEMENTS PREFERENTIAL MARGINS PREFERENTIAL PARTNERS PREFERENTIAL STATUS PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TREATMENT PRIVATE SECTOR PROCESS OF LIBERALIZATION PRODUCTION FACILITIES PRODUCTION NETWORKS PRODUCTS ORIGINATING QUANTITATIVE RESTRICTIONS QUOTAS REGIONAL AGREEMENTS REGIONAL ARRANGEMENTS REGIONAL BLOC REGIONAL INTEGRATION REGIONAL LIBERALIZATION REGIONALIZATION REMOVING TARIFFS RULES OF ORIGIN STRUCTURAL REFORMS TARIFF BARRIERS TARIFF CONCESSIONS TARIFF LINES TARIFF POLICY TARIFF RATES TARIFF REDUCTIONS TARIFF SCHEDULE TAXATION TRADE TRADE AGREEMENT TRADE BARRIERS TRADE CLASSIFICATION TRADE COMPONENT TRADE COMPONENTS TRADE DIVERSION TRADE EXPANSION TRADE INTEGRATION TRADE NEGOTIATIONS TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE PREFERENCES TRADE PROVISIONS TRADE REGIME TRADE RELATIONS TRADE REORIENTATION TRADING AREA TRADING PARTNER TRADING PARTNERS TRANSITION ECONOMIES UNILATERAL LIBERALIZATION UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION VALUE-ADDED RULE WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION The collapse of central planning set in motion the reintegration of the Central European countries into the world economy. The European Union (EU), because of its proximity, economic weight, and policy-induced deep integration, has shaped these countries' politics, and economics. The process of accession to the EU - which began with the signing of the European Association Agreements in 1991 - has influenced their economic institutions, policies, and performance. The author traces the emerging architecture of commercial relations in Europe, and argues that the accession process had its greatest impact on capital flows, and later on good flows. The countries that have benefited most from accession, are those that followed the path of radical liberal reform. Radical liberal reform, combined with preferential access to EU markets, attracted foreign direct investment. The European Union provided an outlet, initially for Central European countries' unskilled-labor intensive products, and more recently for skilled-labor intensive, and technology-based products. Knowledge-intensive imports from the European Union, have also contributed to industrial realignment in the Central European countries. The prospect of accession, and, since 1998, unfettered access to EU markets for industrial products, has given a boost to multinationals, relocating production in these countries. 2014-08-26T15:03:30Z 2014-08-26T15:03:30Z 2001-04 http://documents.worldbank.org/curated/en/2001/04/1089485/accession-european-union-affected-external-trade-foreign-direct-investment-central-european-economies http://hdl.handle.net/10986/19666 English en_US Policy Research Working Paper;No. 2578 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia |