International competitiveness of Eastern European countries: importance of trade orientation and eurointegration

Economic Processes Management: International Scientific E-Journal. 2017. № 1
Section: International aspects of economic processes management

Cite this article:
Cherkas N. I. (2017). International competitiveness of Eastern European countries: importance of trade orientation and eurointegration, Economic Processes Management: International Scientific E-Journal, 1, Retrieved from: http://epm.fem.sumdu.edu.ua/download/2017_1/epm2017_1_2.pdf

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Authors:
Cherkas Nataliia Igorivna
PhD in Economics, Associate Professor, Department of International Economics,
Kyiv National Economic University, Ukraine

Abstract:
The paper analyses international competitiveness of foreign trade of three Eastern European countries: Belarus, Slovakia and Ukraine. For Eastern Europe trade direction moved steadily during the transition period from the CIS countries to EU. In order to compare the development of trade integration is important to examine the intra-industry trade (IIT). The paper provides the comparison of Grubel–Lloyd indices for Ukraine, Slovakia and Belarus with EU and CIS countries during the period from 1995 to 2015. To consider the technological readiness of these countries we analyze in detail the group 7: Machinery and transport equipment. We find that a rise in intra-industry trade is driven by the introduction of a new variety of exports. The results suggest that EU integration have tended to demonstrate IIT grow while increasing specialization in exporting high-technology as opposed to traditional or low technology goods.

Keywords:
competitiveness, Eastern Europe, intra-industry trade, eurointegration, technological readiness

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