Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56418
Authors: 
Pöschl, Josef
Year of Publication: 
1998
Series/Report no.: 
WZB Discussion Paper FS II 98-601
Abstract: 
Central and East European Countries (CEECs) have liberalised foreign trade almost completely and capital flows quite extensively. All have balance of trade deficits. Experts are worried because in some the current account deficit is high and still rising. Current account deficits could be an indicator of domestic companies’ low competitiveness. However, also the contrary could be the case: The country’s more dynamic industries may try to increase their position vis-à-vis foreign competitors through massive import of advanced technology, in this way enlarging the trade deficit.
Document Type: 
Working Paper

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