Foreign trade decisionmaking under balance of payments pressure: Poland versus Hungary

by Keith Crane

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback24 pages $20.00 $16.00 20% Web Discount

This paper examines the hypothesis that the failings of the Polish foreign trade decisionmaking system were a primary cause of Poland's economic crisis. The hypothesis is investigated through a comparison of the foreign trade decisionmaking systems in Poland and Hungary, another centrally planned economy with severe hard currency balance of payments problems. After the initial outline of the formal decisionmaking systems, decisions affecting foreign trade reported by Polish and Hungarian enterprise managers in interviews with the author are contrasted with the objectives of the central authorities' objectives for hard currency trade. The responses of the interviewees indicate that although the Hungarian system had several flaws, it led to decisions which were much more consistent with central objectives than the Polish system.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.