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The performance of EU foreign trade: a sectoral analysis

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  • P. Buitelaar
  • H.A.M. van Kerkhoff
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    Abstract

    In the last decades, countries have become more and more interdependent through trade, production and financial market linkages. Reduction in tariffs, lower cost of transport and the opening-up of formerly closed economies have resulted in an increase in international trade, encouraging a rapid integration of global economies. New players in the world economy, notably China, India, Russia, and the Eastern European countries have changed the pattern of global trade considerably. Whereas the shares of the United States and Japan in global exports have been gradually falling between 200 and 2008, China's share has more than doubled. China's share of almost 9% in world exports in 2008 exceeded that of the United States. The share of the European Union extra exports in world exports has remained more or less constant.

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    File URL: http://www.dnb.nl/en/binaries/OccStudiesVol8nr1_tcm47-229749.pdf
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    Bibliographic Info

    Paper provided by Netherlands Central Bank, Research Department in its series DNB Occasional Studies with number 801.

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    Date of creation: Feb 2010
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    Handle: RePEc:dnb:dnbocs:801

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    Cited by:
    1. Christian Schitter & Maria Silgoner & Katharina Steiner & Julia Wörz, 2012. "Fishing in the same pool: Export strengths and competitiveness of China and CESEE at the EU-15 Market," FIW Working Paper series 096, FIW.
    2. Joseph F. Francois & Julia Wörz, 2011. "Shifts in International Trade and Value Added from 1995 to 2007: Insights into the Drivers of Growth," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 37-56.

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