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Commerce with the newly liberalizing countries: promised land, quicksand, or what?
As liberalization takes on convincing shape and substance in Eastern Europe and the Soviet Union, international entrepreneurs the world over are entertaining visions of capitalizing on new business opportunities. No doubt the transformation of heretofore centrally directed economies into more nearly market economies will bring such opportunities, and will entail significant, if not dramatic, changes in the international commerce of these economies. ; is article presents an overview of trade between the "newly liberalizing countries," or NLCs, and the rest of the world, and tenders some ...