THE EVOLUTION OF THE INTERNATIONAL TRADE AND ITS IMPACT ON THE ROMANIAN EXPORTS
Journal Title: Annals of the University of Oradea. Fascicle of Textiles, Leatherwork - Year 2016, Vol 0, Issue 1
Abstract
This paper analyzes the impact of the financial and economic crisis on the evolution of international trade and implicitly on Romanian exports during 2000-2014. Methods of the research that have been employed in the paper are analysis and summarizing of scientific literature, mathematic calculations and comparative analysis of statistic dates. This paper presents in the first part the quantitative evolution of world exports and highlights the role of international trade in both the financial and economic crisis propagation, and in process of economic recovery in the world in the coming years. It continues with the manner in which international trade evolution and structural changes that have occurred in the world economy in the last two decades or reflected in trade of Romania not only from a quantitative but also structurally. Quantitatively was noted that Romanian exports have followed the trend recorded worldwide and from the structural viewpoint were identified the dominant characteristics of the evolution of trade in Romanian, the past two decades, namely the dynamic growth of trade flows of processed products (in particular Machinery and transport equipment) as well as their share in total trade and increased exports on the markets outside the EU in proportions higher than the growth in intra EU market.
Authors and Affiliations
Simona TRIPA, Sunhilde CUC
Keywords
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