text 2001 monographic Reviews the trade policies pursued by transition economies during the 1990s, looking separately at trade in goods and services, foreign exchange market liberalization and the exchange rate, and foreign direct investment. Presents a brief statistical review of what actually happened in the region in regard to the direction, composition and scale of trade. Sketches what ideal trade policies might look like under a variety of transition conditions and draws out relevant lessons from the 1990s experience of trade policy. 10/22/01 JOY_D TRADE POLICY