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Structural Adjustment of Romanian Foreign Trade after EU Accession

Author

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  • Rusu Nicoleta

    () („Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration)

Abstract

As the diversification the structure of economies has boosted economic relations between the countries which had a decisive influence on the economy and structure of branches, which had constantly adapted to market requirements and resource supply options. Therefore, Romania's foreign trade, one of the most important structures of the Romanian economy has suffered a series of changes designed to improve its competitiveness through an inter and intra- industry restructuring. Once Romania joined the European Union have been produced a series of changes in the structure of foreign trade. However, Romania remains a net importer this failure resulted in restructuring the economy, which further led to record a deficit in balance of payments current.

Suggested Citation

  • Rusu Nicoleta, 2011. "Structural Adjustment of Romanian Foreign Trade after EU Accession," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1879-1884, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:1879-1884
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    More about this item

    Keywords

    foreighn trade; FDI; exports; imports; trade deficit..;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • P33 - Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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