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External liberalization, specialization, and institutional change in times of globalization: the case of central, east and southeast Europe
[working paper]
Corporate Editor
Institut für Ost- und Südosteuropaforschung (IOS)
Abstract During the early nineties, central, east and southeast European countries set on liberalizing their economies on an unprecedented scale, including more or less speedy or profound external liberalizations in country-specific approaches. Since then, we have observed increasingly differentiated changes... view more
During the early nineties, central, east and southeast European countries set on liberalizing their economies on an unprecedented scale, including more or less speedy or profound external liberalizations in country-specific approaches. Since then, we have observed increasingly differentiated changes in these countries' legal institutions. Based on a small but growing literature, we may conjecture that both observations do not only describe a chronological sequence but a causal relationship. This note discusses this conjecture and argues that the globalization of production processes acts as a channel in this causal relationship. Whether or not trade liberalization helps in improving countries' domestic legal institutions depends on the nature of openness emanating from liberalization: some countries firms' joined fragmented, globalized production processes, for others, the dependence on primary products even increased.... view less
Keywords
Central Europe; Eastern Europe; Southeastern Europe; liberalization; institutional change; economic development (on national level); production; commerce; globalization
Classification
National Economy
Document language
English
Publication Year
2015
City
Regensburg
Page/Pages
6 p.
Series
IOS Policy Issues, 6
ISSN
2199-9473
Status
Published Version; reviewed