Search results for " foreign trade structure"

NEW EU MEMBER COUNTRIES ARE PHASING OUT LABOR-INTENSIVE ACTIVITIES: AN ECONOMETRIC APPROACH

2012

This paper deals with the process of industrial development that has been unfolding in Central and East-European Countries during the last two decades, with special focus on changes in international specialization induced by successive shifts in comparative advantage. As it was to be expected, these advances have gradually improved the respective countries’ exports structure, the most important mutation residing in the gradual abandoning of subcontracting agreements – mostly confined to assembly-of-imported-inputs – and the expansion of the production of knowledge and human capital-intensive goods and services. European integration has most certainly been acting as a catalyst for this proce…