Naslov
Transition in east Europe in the context of globalization : an analysis of intra-industry trade

Autori
Kandžija, Vinko ; Host, Alen

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
2004 Annual Conference of the International Academy of Business and Economics : proceedings / - , 2004

Skup
Annual Conference of the International Academy of Business and Economics

Mjesto i datum
Las Vegas (NV), Sjedinjene Američke Države, 17.10.2004. - 20.10.2004

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
international trade; competitiveness; world market; Croatia; intra-industry trade; regional integration

Sažetak
More intensive international financial flows and increase in investments, being the most typical aspects of globalization, contribute to strong rise in international trade and open new market possibilities. Strong international competitiveness and concentration of financial and trade flows, followed by the WTO-policy, contribute to further improvement of the industrial countries’ position at the world market. Economic integration is for them a good way of participating in the international division of labor. Under conditions of gradual (sometimes even asymmetric) trade liberalization based on preferential trade agreements, transition countries can realize the inevitable economic restructuring without high adjustment costs. The position of the reform countries of CEE towards the EU should be viewed in the same way. The aim of the paper is to analyze the Croatian intra-industry trade (IIT) based on the new trade theory and the Grubel-Lloyd-based methods of trade overlap measurement. The main purpose is to present the case of Croatia and, by taking into consideration the experience of other transition countries, to show how trade liberalization can influence the structure and type of trade flows. The further purpose is to show that economic integrations are a good way of achieving a successful trade expansion for a transition country-based enterprise under conditions of globalization. Furthermore, the paper includes the index of marginal IIT (MIIT) which gives insight into the structure of change in the newly created trade flows. Therefore, MIIT proves to be a valuable instrument for identifying the adjustment costs of a business sector restructuring as a result of trade liberalization. The paper makes use of the Brülhart indices of MIIT.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA