Trade reforms in transition economies are analyzed in a model of trade and vertical product differentiation. We first show that trade liberalization in transition economies reduces the local firm s output and raises the prices of all variants. Second, we find that neither free trade nor the...

This paper offers a review, analysis and assessment of the status of services liberalization in North and Central Asia. Following a brief introduction about the region and its economic context, this study provides an overview of the binding commitments undertaken by transition economies under...