Prague Economic Papers 1997, 6(1) | DOI: 10.18267/j.pep.118

Changes in trade of the czech republic with developing countries during the transformation period

Alois Holub

Despite some inaccuracies originating chiefly in statistical discrepancies, the analysis has shown that the role of developing countries in foreign trade of the Czech Republic reveals a clearly downward trend. This is observable even in comparison with the prevailing trends characterizing trade relations between developing countries and transformation economies as a group. In view of the fact that developing countries including China and Vietnam have been the most dynamic segment of the world economy during the first half of the 1990s, this downward trend gives no reasons to satisfaction. Moreover, their trade has been growing at markedly rapid rates than GDP. In these circumstances, the falling share of developing countries in Czech exports and imports indicates that Czech trade tends to lose opportunities to grow.

Published: January 1, 1997  Show citation