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Tourism and Hospitality Management
Article . 2006 . Peer-reviewed
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THE EFFECTS OF TRADE LIBERALISATION AMONG THE SOUTH EASTERN EUROPEAN COUNTRIES

UČINCI LIBERALIZACIJE TRGOVINE IZMEĐU ZEMALJA JUGOISTOČNE EUROPE
Authors: Derado, Dražen;

THE EFFECTS OF TRADE LIBERALISATION AMONG THE SOUTH EASTERN EUROPEAN COUNTRIES

Abstract

Liberalizacija trgovine jamči dugoročne koristi svim zemljama sudionicama neovisno o njihovoj veličini i stupnju gospodarske razvijenosti. Ipak, u cilju iskorištavanja prednosti koje pruža trgovinsko integriranje,nužno je stvoriti konkurentnu gospodarsku strukturu koja će omogućiti uspješno sudjelovanje u međunarodnoj podjeli rada. Uvažavajući prethodno rečeno u ovome radu analiziraju se učinci liberalizacije trgovine između zemalja jugoistočne Europe. U tu svrhu primijenjena je metoda mjerenja intra-industrijske trgovine na primjeru Hrvatske sa ciljem utvrđivanja dinamičkih efekata liberalizacije na strukturu trgovinskih tijekova. Nizak stupanj trgovinske integriranosti i slabi izgledi za rast međusektorske razmjene u srednjem roku predstavljaju najveću prepreku za daljnju ekonomsku suradnju zemalja Regije. Ona se iskazuje kroz mogućnost rasta troškova prilagodbe kao posljedice gospodarskog restrukturiranja što u konačnici može narušiti gospodarsku stabilnost zemlje. Nizak stupanj trgovinske integriranosti u Regiji predstavlja okolnost koju valja sagledati i sa stajališta politike međunarodne zajednice prema zemljama jugoistočne Europe uobličene u Pakt o stabilnosti u jugoistočnoj Europi.

Trade liberalisation brings long-term benefits. Nonetheless, in order to be able to realise those benefits, a creation of a competitive economic structure is required, which would make it possible to successfully participate in the international division of labour. Building from this fact, this paper analyzes the effects of trade liberalisation between the SEEC. To that end, a method of intra-industry trade has been applied on the example of Croatia, in order to establish dynamic effects of changes in trade flows. Low level of trade integration and weak midterm growth prospects in inter-sectoral trade represent the biggest threat for the countries in the Region. The threat could be manifested through rising adjustment costs, as a consequence of trade liberalisation, and could, therefore, jeopardize economic stability. Low level of trade integration poses a problem even from the aspect of the policy of international community towards South East Europe in the framework of the Stability Pact.

Country
Croatia
Keywords

SEEC, marginal intra-industry trade, trade liberalisation, intra-industrijska trgovina, liberalizacija trgovine, intra-industry trade, jugoistočna Europa, marginalna intra-industrijska trgovina, intra-industry trade; marginal intra-industry trade; trade liberalisation; SEEC

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    selected citations
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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    3
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
Published in a Diamond OA journal