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Transport Networks And Impact On The Progress Of Trade Exchanges

Author

Listed:
  • Elena Ramona TERZEA

    (Economics and International Affairs Doctoral School, Bucharest Academy of Economic Studies, Romania)

Abstract

The restructuring of the economy as a whole is a key factor determined by the Romanian international trade restructuring. Restructuring process contains elements that are specific to the transformation in a market economy mainly characterized by competitive spirit and by enforcement of competitive advantages. The idea of international trade has been long debated starting with the Smith’s theory of absolute advantages ( Adam, Smith ,1908) to the perspective of the competitiveness presented by David Ricardo(2001) followed by the major paradigm change brought by Porter's Diamond (Michael, Porter 1990). Among the determinants of international trade, especially in order to promote exports, a special importance should be given both to the companies and market’s features and to distance to the country in question, to infrastructure and to access roads. The quality of a country's infrastructure is one of the important factors in the development of international trade relations. Depending on its quality level this factor becomes a driving force the development of which must forego the start of other economy sectors.

Suggested Citation

  • Elena Ramona TERZEA, 2015. "Transport Networks And Impact On The Progress Of Trade Exchanges," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 8, pages 53-59, June.
  • Handle: RePEc:cmj:seapas:y:2015:i:8:p:53-59
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    More about this item

    Keywords

    International trade; FOB exports; CIF imports; Infrastructure; Transport networks;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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