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Finance and Credit
 

Impact of foreign trade on the development of crises in post-socialist countries

Vol. 16, Iss. 2, JANUARY 2010

Available online: 19 January 2010

Subject Heading: Financial crisis

JEL Classification: 

Saaya M.V. postgraduate student, economic theory department, All-Russian State Distance Learning Institute of Finance and Economics
mergensaaya@mail.ru

Author explores in the article one of the mechanisms of financial crisis propagation on an international scale, namely foreign trade. Basing on the experiences of CIS and Central and Eastern Europe which relatively recently turned to developing a market system from the regime of planned economy, author evaluates the impact of international trade on the growth rate of post-socialist economies in the period of 2008-2009 world financial crisis and gives a quantitative estimate of that impact.

Keywords: world financial and economic crisis, financial crisis propagation mechanisms, foreign trade, post-socialist economies

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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