Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

The New Iron Curtain: Trade Barriers


International Editorials

THE NEW IRON CURTAIN: TRADE BARRIERS

What a difference five years makes. When the Berlin Wall came crashing down, the prospect of millions of new customers drew German, French, and American interest. Now Poland, Hungary, and the Czech Republic are proving themselves capable of such high-level quality production that they are exporting goods back to Western Europe (page 26).

Therein lies the problem. The Iron Curtain has been replaced by an equally divisive wall of trade barriers between Western and Central Europe. There are 20 antidumping measures imposed by the European Union in place. Central Europeans are shut out of German, Italian, and French agriculture, steel, and textile markets.

With unemployment approaching nearly 11%, Western Europe is tempted to maintain these barriers. This would be a grave mistake. The European Union should embrace Central Europe quickly, using the integration as a tool to pressure member nations to restructure their own uncompetitive economies. Europe shouldn't snuff out the potential of the east, just to delay the pain of inevitable restructuring in the west.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus