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Analysis of Romania's Foreign Trade Policy

Author

Listed:
  • Burghelea Cristina

    (Hyperion University, Bucharest, Romania)

  • Dumitrescu Miron

    (Hyperion University, Bucharest, Romania)

  • Cristea Dan Gabriel

    (Hyperion University, Bucharest, Romania)

Abstract

In this article we intend to identify the evolution of our country's foreign trade and the trials by which Romania can diversify its commercial relations with partner countries. This article aims Romania's commercial reality in the new global economic context. Methodologically we pursued the evolution of Romania's external trade at global level, extra-EU and intra-EU, volume of commercial flows between Romania and its main partners. The research finally proposes a modality of approach targeted to finding solutions to diversify Romania's commercial relations with possible target countries. Regarding the risks of this methodology, taking into account that there is no clear model of selection for the analyzed countries, and the final proposals can only have a general character. Thus, we show a few possible improvements that can be made, such as identifying criteria for selecting target countries, external and internal analysis of selected countries.

Suggested Citation

  • Burghelea Cristina & Dumitrescu Miron & Cristea Dan Gabriel, 2013. "Analysis of Romania's Foreign Trade Policy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 19-23, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:19-23
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    Keywords

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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • 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
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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