Export Promotion Aims and Reality: A Comparison of the Iberian, Baltic and Central European Region

What is it about?

As a consequence of the international crisis in 2008-2009, the growth-enhancing role of exports came into focus in most countries. In several countries a deliberate state policy was formed to turn towards non-EU areas. On the one hand, our article describes the foreign trade strategies and their institutional framework of the Iberian, Baltic and Central European governments, detecting possible similarities. On the other hand we show the trends in the recent years based on the foreign trade data. We show that there is a gap between the reality and the intentions of the governments. The size of this gap varies and is influenced by certain factors like the different involvement of multinational companies in the foreign trade or the different economic structure of these countries.

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Why is it important?

Literature shows that the evaluation of state promotion policies is mixed. Information services and cost financing are the most important for exporting companies. According to our opinion foreign trade strategy can be effective only if it is a part of a coherent economic policy, transparent and promotes stable environment for the firms.

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