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The International Trade in Global Economy

Author

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  • Ion Botescu

    (Universitatea Ovidius, Constanta)

Abstract

The intensification of the globalization of the world economy is the result of the amplification and diversification without precedent of the material, financial and human flows between the world’s states. The international commerce has known in the last period o strong expansion, almost uninterrupted, surpassing the industrial production growth and PIB on a world scale. Among the PIB evolution and the evolution of the world commerce there is a strong relationship of correlation, fact shown by the linear correlation coefficient. The structure on exports of country categories confirms the fact that the process of globalization has been fully completed in the world. Romania, through its achieved economic opening, has boosted its participation to the international economic trades. In this way there is a chance for Romania’s economy in the future to become more competitive, even though in the present our country faces serious problems concerning the strong deficit of the foreign trade balance.

Suggested Citation

  • Ion Botescu, 2007. "The International Trade in Global Economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(510)), pages 45-48, May.
    • Handle: RePEc:agr:journl:v:5(510):y:2007:i:5(510):p:45-48
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    Cited by:

    1. Constantin ANGHELACHE & Gabriela Victoria ANGHELACHE & Mirela PANAIT & Ihab Jweida SJ JWEIDA, 2016. "The Analysis of International Trade of Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 93-99, December.
    2. Alexandru Manole & Ana Carp & Zoica Nicola & Marius Popovici, 2017. "Romania’s International Trade evolution analysis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(3), pages 130-139, March.

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