The ability of the economies in transition to succeed in their external economic relations can be judged according to some very practical guidelines, according to Dr. Andreas Gummich.
Most countries know what they have to do to interact with outside markets.
Dr. Gummich is Vice President, Deutsche Bank Research, Frankfurt am Main. In this paper I will outline eight points, starting with a ranking of the Eastern European reforming economies. Chart 1 is dated one year ago, and today it has become almost obsolete. It shows three groups of countries in the shape of concentric circles. For the most progressive, most advanced among these countries down from the Baltics via Belarus, Ukraine, Moldavia, Romania, Bulgaria, down to Albania, the structure is no longer valid because Estonia among the Baltics e.g. has possibly in the meantime joined the first group.