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- W4249568708 abstract "This chapter examines internationalization, which is always seen as essential in fostering a country’s long-term economic growth. Based on the concept of comparative advantages, cross-border trade of goods and services is expected to generate positive welfare effects. However, not all countries have been conducive to internationalization. In particular, centrally planned economies failed to benefit. The system of central planning hindered participation in world markets. Due to the autarkic nature of ‘forced industrialization’, the countries had to rely on barter deals and bilateralism. This impeded internationalization, both within the Eastern bloc as well as between the communist ‘East’ and the market-oriented ‘West’. After the collapse of communism in 1989, the opening up of the economy became pivotal in the transition to a full-fledged market economy. Transition strategies have nonetheless been quite different and by no means implied a severely marginalized role for the state. On the contrary, state capitalism has emerged as a viable outward-looking alternative." @default.
- W4249568708 created "2022-05-12" @default.
- W4249568708 creator A5078409438 @default.
- W4249568708 date "2019-02-13" @default.
- W4249568708 modified "2023-09-26" @default.
- W4249568708 title "Internationalization" @default.
- W4249568708 doi "https://doi.org/10.1093/oso/9780198829911.003.0055" @default.
- W4249568708 hasPublicationYear "2019" @default.
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