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Impactul crizei globale asupra structurii comerţului exterior al României
[The Global Crisis Impact on Romanian Trade Structure]

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  • Georgescu, George

Abstract

Under the global crisis impact the structure of international trade flows witnessed significant changes. In the case of Romania, paradoxically for an emerging country, in terms of product composition during 2007-2010, the share of capital goods decreased in total imports and increased in total exports, while the share of intermediate goods recorded an opposite development. In terms of competitiveness, no evidence of significant changes has been found, the most important export chapters having comparative advantages connected with the processing trade operations. Obviously, Romania lacks an export strategy able to sustain the national exporters on new foreign markets and reducing the trade balance deficits.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 36339.

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Date of creation: 10 Jan 2012
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Handle: RePEc:pra:mprapa:36339

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Keywords: Global Crisis; International Trade; International Competitiveness; Processing Trade; Export Strategy;

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  1. Escaith, Hubert & Lindenberg, Nannette & Miroudot, Sébastien, 2010. "International Supply Chains and Trade Elasticity in Times of Global Crisis," MPRA Paper 20478, University Library of Munich, Germany.
  2. Nicolas Berman, 2009. "Financial Crises and International Trade: The Long Way to Recovery," Economics Working Papers, European University Institute ECO2009/23, European University Institute.
  3. Georgescu, George, 2007. "Current Account Deficits and Implications on Country Risk of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 88-96, December.
  4. Abdul Abiad & Petia Topalova & Prachi Mishra, 2011. "How Does Trade Evolve in the Aftermath of Financial Crises?," IMF Working Papers 11/3, International Monetary Fund.
  5. Zaman, Gheorghe & Georgescu, George, 2011. "Sovereign risk and debt sustainability: warning levels for Romania," MPRA Paper 32924, University Library of Munich, Germany.
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