Rapid Changes of International Trade Flows Geography. An Approach Grounded on the Knowledge-Based Economy Concept
AbstractAfter the Second World War international merchandise trade has known an impressive rising trend: from 121 bn. USD in 1948 to 25.172 bn. USD in 2009, which means a rise by 210 times, being therefore the economic sector with the most spectacular development. International trade – considered to be the right indicator of a country’s economy – has become one of the major factors of economic development mainly due to the knowledge-based economy. Except for the economic development (translated into high levels of production and productivity, expressed by high figures of GDP), the effect of knowledge has been registered by exports, by their dynamics and high level of foreign markets penetration. It is therefore relevant that three small countries and provinces (the Netherlands, Hong Kong – province of Peoples Republic of China and Singapore) in terms of territory and population are among the first fifteen global exporters (with a percentage of exports ranging from 2,2% and 4%), in contrast with larger countries in terms of surface and population, which play an insignificant role in international trade. These small countries/provinces represent relevant models of using information technology and modern communication, fundamental elements of a knowledge-based economy. Thus, they are very competitive on the global market (the key factor of success). In this paper we argue that humankind is in a transitory phase from industrial economy to knowledge-based economy (in this sense the oil trade is a very good example, as the most traded merchandise).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Academy of Economic Studies - Bucharest, Romania in its journal The AMFITEATRU ECONOMIC journal.
Volume (Year): 13 (2011)
Issue (Month): 30 (June)
international trade; international trade flows; competitiveness; knowledgebased economy.;
Find related papers by JEL classification:
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
- F10 - International Economics - - Trade - - - General
- F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Krugman, Paul, 1979. "A Model of Innovation, Technology Transfer, and the World Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 253-66, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentin Dumitru).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.