TY - JOUR N2 - For the private and public sector in any particular country it is crucial to know, which industries may exhibit comparative advantages, that for some reasons are not realized. This can efficiently help all current and potential actors to improve their economic strategy both at the micro- and macroeconomic level. In this paper we propose an approach of forecasting comparative advantages dynamics in foreign trade. The instrument is based on relative price differences and is efficient for countries in the process of economic liberalization. An empirical analysis based on the example of Central and East European countries confirms a good performance in the sense of predictive power of this instrument. On the example of Russia, experiencing a period of economic liberalization and with the prospect to join the WTO agreements, we demonstrate which sectors are most likely to contain comparative advantages in the near future. L1 - http://journals.pan.pl/Content/106538/PDF-MASTER/mainFile.pdf L2 - http://journals.pan.pl/Content/106538 PY - 2009 IS - No 2 EP - 138 DO - 10.24425/cejeme.2009.122227 KW - comparative advantage KW - economy in transition KW - Balassa index KW - Lafay index A1 - Savin, Ivan A1 - Winker, Peter PB - Oddział PAN w Łodzi DA - 30.06.2009 T1 - Forecasting Russian Foreign Trade Comparative Advantages in the Context of a Potential WTO Accession SP - 111 UR - http://journals.pan.pl/dlibra/publication/edition/106538 T2 - Central European Journal of Economic Modelling and Econometrics ER -