Munich Personal RePEc Archive

The Economic Interpenetration Between the EC and Eastern Europe: The Case of Hungary

Gács, János (1994): The Economic Interpenetration Between the EC and Eastern Europe: The Case of Hungary. Published in: IIASA Working Paper No. WP-94-043 (June 1994): pp. 1-59.

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Abstract

One of the most remarkable recent changes in the East European economies has been the rearrangement of their trade patterns in a few years. Two regional organizations were the focal points of the geographical shift: the CMEA which lost its dominant position, and the EC which had a magnetic attraction to East European economies. Accompanying the geographical reorientation from East to the West major sectoral shifts occurred in the last three to five years. These changes are marked in Hungarian trade, the subject of this working paper. The author prepared this paper in the framework of a project organized by the Commission of the European Communities. This work was subsequently published in an edited form in the periodical European Economy, 1994, No. 6.

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