Trade flows between Poland and the European Union : The question of disequilibrium
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XV, No.1, 2003, pages 21-40
Issue:
Pages:
21-40
Author:
Abstract:
The most striking feature of Poland’s trade relations with the European Union in the nineties was a large and steadily growing balance of trade deficit. The deficit appeared together with the liberalization of trade launched by virtue of the Europe Agreement. It is not, however, the liberalization of trade that is primarily or exclusively at the bottom of the disequilibrium. Considering internal and external circumstances accompanying the Polish economy in the 90., the disequilibrium seems to be a self-evident effect. The circumstances, in majority of cases, were conducive to imports and adverse to exports. They are connected with a relatively high growth of the Polish economy and, on the other hand, some slowing down of the EU economies, with trade liberalization on both sides, with assymetrical levels of development affecting the pattern of mutual trade, and - last but not least - with capital inflows to Poland.
Subject:
Subject (LC):
Keywords:
Polish economy, disequilibrium, liberalization, Trade flows
Notes:
JEL classification: F15, F42
