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Market-Oriented Reform of Foreign Trade in Planned Economies
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1990: Issue 028
Language:
English
Publication Date:
01 Jan 1990
DOI:
https://doi.org/10.5089/9781451981131.001
ISBN:
9781451981131
ISSN:
1018-5941
Pages:
22
Keywords:
WP; enterprise; exchange rate; enterprise autonomy; producing enterprise; foreign trade reform; transaction price; enterprise manager; circumscribed enterprise independence; Exchange rates; Exports; Exchange rate arrangements; Export subsidies
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper reviews the main features of market-oriented foreign trade reforms in planned economies. It considers reform initiatives aimed at expanding enterprise autonomy and breaking up the state monopoly of foreign trade, modifying the exchange rate system, and reforming the domestic price structure and ultimately the price system. The study emphasizes that the success of foreign trade reform, and therefore of a trade policy aimed at fundamental integration of planned economies into the world economic system, ultimately depends as well on the successful implementation of compatible reforms in the domestic economy as a whole.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund