Czechoslovak Tariffs in the 1920s : An Example of Historical
Specificity in Economic Policy

J 2021

Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy

KRPEC, Oldřich and Vít HLOUŠEK

Basic information

Original name

Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy

Authors

KRPEC, Oldřich (203 Czech Republic, belonging to the institution) and Vít HLOUŠEK (203 Czech Republic, belonging to the institution)

Edition

Slavic Review, New York, Cambridge University Press, 2021, 0037-6779

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50601 Political science

Country of publisher

United States of America

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

Impact factor

Impact factor: 0.343

RIV identification code

RIV/00216224:14230/21:00123271

Organization unit

Faculty of Social Studies

DOI

http://dx.doi.org/10.1017/slr.2021.149

UT WoS

000729501400010

Keywords in English

Czechoslovakia; economic history; trade policy; economic nationalism

Abstract

V originále

Czechoslovakia was the first industrialized economy to substantially increase tariffs after the First World War. At that time, Czechoslovakia was highly export-oriented, with a large trade surplus in industrial goods. We argue that the introduction of tariffs was a consequence of the ethnically heterogeneous structure of the economy. German capital controlled the highly export-oriented light and consumer goods industries; Czech capital dominated in industries that were far less export-oriented or even import-competing, such as machinery, transportation equipment, and electrical goods. Trade and exchange-rate policy preferences of both groups clearly differed; however, the policy decision-making process (at least until 1926) was completely controlled by Czechoslovaks and Czech capital, explicitly committed to a nationalist takeover of Czechoslovakia's economy. This is why it was possible to implement an exchange rate and trade policy that ran contrary to theoretical expectations based on the general (national aggregate) indicators of the national economy.

Links

MUNI/A/1138/2020, interní kód MU

Name: Perspektivy evropské integrace v kontextu globální politiky III

Investor: Masaryk University

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Citovat

KRPEC, Oldřich and Vít HLOUŠEK. Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy. Slavic Review. New York: Cambridge University Press, 2021, vol. 80, No 3, p. 523 - 543. ISSN 0037-6779. Available from: https://dx.doi.org/10.1017/slr.2021.149.

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   article_location = {New York},
   article_number = {3},
   doi = {http://dx.doi.org/10.1017/slr.2021.149},
   keywords = {Czechoslovakia; economic history; trade policy; economic nationalism},
   language = {eng},
   issn = {0037-6779},
   journal = {Slavic Review},
   title = {Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy},
   url = {https://www.cambridge.org/core/journals/slavic-review/article/czechoslovak-tariffs-in-the-1920s-an-example-of-historical-specificity-in-economic-policy/5CAAE0916034640DF161131A432B97AB},
   volume = {80},
   year = {2021}
}

TY  - JOUR
ID  - 1810458
AU  - Krpec, Oldřich - Hloušek, Vít
PY  - 2021
TI  - Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy
JF  - Slavic Review
VL  - 80
IS  - 3
SP  - 523 - 543
EP  - 523 - 543
PB  - Cambridge University Press
SN  - 00376779
KW  - Czechoslovakia
KW  - economic history
KW  - trade policy
KW  - economic nationalism
UR  - https://www.cambridge.org/core/journals/slavic-review/article/czechoslovak-tariffs-in-the-1920s-an-example-of-historical-specificity-in-economic-policy/5CAAE0916034640DF161131A432B97AB
N2  - Czechoslovakia was the first industrialized economy to substantially increase tariffs after the First World War. At that time, Czechoslovakia was highly export-oriented, with a large trade surplus in industrial goods. We argue that the introduction of tariffs was a consequence of the ethnically heterogeneous structure of the economy. German capital controlled the highly export-oriented light and consumer goods industries; Czech capital dominated in industries that were far less export-oriented or even import-competing, such as machinery, transportation equipment, and electrical goods. Trade and exchange-rate policy preferences of both groups clearly differed; however, the policy decision-making process (at least until 1926) was completely controlled by Czechoslovaks and Czech capital, explicitly committed to a nationalist takeover of Czechoslovakia's economy. This is why it was possible to implement an exchange rate and trade policy that ran contrary to theoretical expectations based on the general (national aggregate) indicators of the national economy.
ER  -

KRPEC, Oldřich and Vít HLOUŠEK. Czechoslovak Tariffs in the 1920s : An Example of Historical Specificity in Economic Policy. \textit{Slavic Review}. New York: Cambridge University Press, 2021, vol.~80, No~3, p.~523 - 543. ISSN~0037-6779. Available from: https://dx.doi.org/10.1017/slr.2021.149.

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