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The Concept Of International Trade And Main Classic Theories

Author

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  • Elena Ramona TERZEA

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

Abstract

Taking into account the major impact that international trade has on the economy and on the people’s lives, and considering its effects on the economic growth, the foreign commerce has to be well understood so that the commercial policies have to be well elaborated, implemented and followed. The theories of international trade are extremely important in order to determine the flows, but especially in the anticipation of the evolution of the forces that influences its dymanic. The theories regarding the foreign trade are used also by the big companies, by their managers, in their attempt to identify the most advantageous strategies of internationalizations, on the most promising markets.

Suggested Citation

  • Elena Ramona TERZEA, 2016. "The Concept Of International Trade And Main Classic Theories," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 11, pages 243-246, July.
  • Handle: RePEc:cmj:seapas:y:2016:i:11:p:243-246
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