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In A Globalized World Trade

Author

Listed:
  • Daniela Ditescu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Trade and globalization have brought many benefits to countries and their citizens because they allow countries access to more efficient production, increased labor productivity, supported extending the knowledge and new technologies planetary scale, and rich assortment of products to which population access. Also, through the multilateral trading system has been a significant reduction of customs protectionism, have mitigated the effects of non-tariff barriers, trade policy measures have become more predictable, leading to lower production costs, improve the quality of products sold and to widening choice of products to consumers.

Suggested Citation

  • Daniela Ditescu, 2012. "In A Globalized World Trade," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(40), pages 202-207.
    • Handle: RePEc:aio:aucsse:v:1:y:2012:i:40:p:202-207
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    File URL: http://feaa.ucv.ro/AUCSSE/0040v1-032.pdf
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    More about this item

    Keywords

    globalization; international trade system; institutionalization; trade liberalization; WTO;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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