Most books on transition economies concentrate on their internal fortunes. Few have analysed the effect that the change in system has had on foreign trade and export performance - this new book from Jan Winiecki redresses that balance. Winiecki looks at transition economies from a macro level, in the performance of East Central Europe, as well as from the micro level, in the performance of enterprises on International Markets. The book's intriguing analyses include: *the legacy of the Communist past upon foreign trade transition *the reorientation of exports from the East to the West *trade and exchange rate regimes and their impact upon foreign trade performance *post-transition problems, associated with potential membership of the European Union Transition Economies and Foreign Trade makes the bold claim to have solved puzzles that have hindered the subject for years. By taking the distortions of the Communist era into consideration, Winiecki has explained the phenomenon of the decline in output and trade, as well as explaining the dual commodity nature of exports in the early transition phase. This topical and timely book should become essential reading for students and academics with an interest in international economics as well as being of great use to business analysts and policy makers.