IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v3y2010i6p378-383.html
   My bibliography  Save this article

The Influence Of Global

Author

Listed:
  • Lect. Voicu Iulica Ph. D

    (Constantin Brâncoveanu University Pitești Faculty of Management Marketing in Economic Affairs Pitești, România)

  • Assist. Talmaciu Iuliana Ph. D Student

    (Constantin Brâncoveanu University Pitești Faculty of Management Marketing in Economic Affairs Pitești, România)

Abstract

The world economy is tripolar today, being dominated by the USA, the EU and Japan. Nevertheless, we must not disregard that China, India or Russia have a large economic and human potential and they incisively entered the economic competition altogether. For the time being, these countries represent regional or zonal powers and they started to play a commanding role together with the beginning of the international economic life. Organizations such as WTO or the UN offer, there is no doubt about it, an important chance to increase the contribution of the multilateral commercial system to reduce poverty and accomplish the objectives of human development. On the other hand, the practice of interstate relations demands an increased attention to the development of international trade, because from a developing and stability factor it can become a cause of instability and thus a cause of economic stagnation. The increased and accentuated interdependence of countries grew the importance of their external trade, which practically became indispensable for the economic and social growth. Moreover, the increase of national incomes in external trade led to increased consumption and increased the demand for energy and raw materials. This fact led, on one hand, to the amplification of exports and on the other hand to the increase of GDP in the developed countries. Adopting an open, impartial, rule-based, predictable and non-discriminatory commercial system may create a global partnership for development and visibly improve the international economic environment that has been severely affected by the current economic crisis. Despite the present context, the Asian developing economies bring their support substantially for the exit of the world economy from the gravest post-war crisis.

Suggested Citation

  • Lect. Voicu Iulica Ph. D & Assist. Talmaciu Iuliana Ph. D Student, 2010. "The Influence Of Global," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(38), pages 1-6, May.
  • Handle: RePEc:aio:aucsse:v:3:y:2010:i:6:p:378-383
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0038v3-044.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    globalization; economic potential; foreign commerce; financial crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F01 - International Economics - - General - - - Global Outlook

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:3:y:2010:i:6:p:378-383. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.