Changes In The Pattern Of Romania’S Foreign Trade Under The Global Crisis Impact
The pattern of international trade flows has witnessed significant changes under the global crisis impact. 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 related to processing trade operations. The lack of an export strategy and of appropriate policies able to sustain Romanian exporters on foreign markets, mainly extra-EU, has become obvious.
Volume (Year): 35 (2012(XXII))
Issue (Month): 2(44) (December)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nicolas Berman, 2009. "Financial Crises and International Trade: The Long Way to Recovery," Economics Working Papers ECO2009/23, European University Institute.
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Institute of National Economy, vol. 33(2(bis)(42), pages 130-190, December.
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