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Trade and Development Report 1993

image of Trade and Development Report 1993

The focus of the report is the functioning and interaction of all the different constituent parts of the world economy and of related dimensions of national and international policy. Special attention is given to issues of concern to developing countries. The coverage includes the movements of macroeconomic aggregates in developed and developing countries and in the economies of transition, international trade and trade policies and financial and commodity markets.

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Collapse and transition in Central and Eastern Europe

In less than two years enthusiasm and optimism for the transition of the former socialist countries of Eastern Europe have turned into disappointment and pessimism. As pointed out recently, "for many people in the eastern countries the dominant issue is not so much the transition process' as immediate survival". 154 Neither the people and policy-makers in those countries nor outside experts and international financial institutions foresaw all the troubles that were in store.

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