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International Services Flows Under The Impact Of The Eu-27

Author

Listed:
  • Gheorghe Camelia Monica

    (Romanian-American University)

  • Maniu Laura Cristina

    (Romanian-American University)

Abstract

The European Union has been severely affected by the financial crisis and by the fact that many countries have entered recession. Europe, as a region, still has the highest share in world trade in services, with more than 43.3% of exports and more than 30.7% of imports in 2011. The intern services market is less integrated than that of material goods, situation demonstrated on the one hand, by the ratio of intra-EU exports and extra-EU exports, shown by comparison for goods and services. The intern services market is not sufficiently integrated, consequence of the specific nature of services, since these activities lend themselves to a lesser extent to constitute the object of international trade.

Suggested Citation

  • Gheorghe Camelia Monica & Maniu Laura Cristina, 2013. "International Services Flows Under The Impact Of The Eu-27," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 58-63, June.
  • Handle: RePEc:cbu:jrnlec:y:2013:v:3:p:58-63
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