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Going Global. Focus Shipbuilding Industry in Romania

Author

Listed:
  • Dorel Paraschiv

    () (Bucharest Academy of Economic Studies, Romania)

  • Andreea Caragin

    () (Bucharest Academy of Economic Studies, Romania)

  • Ana Maria Marinoiu

    () (Bucharest Academy of Economic Studies, Romania)

Abstract

The purpose of this article is to analyze the reasons for going global from the company perspective and to show how a good logistics management can help to obtain efficiency of operations by the integration of all material acquisition, movement, and storage activities. When transportation and inventory costs are substantial on both the input and output sides of the production process, an emphasis on logistics is appropriate. In this case location is a key factor in cutting costs with logistics and producing and selling with competitive prices. From this point of view Romania has a strategic location, Constanta port being in the heart of Europe and focusing on reducing transportation cots and helping companies develop global strategies by reducing supply chain costs. One characteristic of global companies is the pressure for production costs. This can be realized by choosing appropriate logistic locations in order to improve logistics management.

Suggested Citation

  • Dorel Paraschiv & Andreea Caragin & Ana Maria Marinoiu, 2009. "Going Global. Focus Shipbuilding Industry in Romania," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 12(32), pages 105-126, (2).
  • Handle: RePEc:rej:journl:v:12:y:2009:i:32:p:105-126
    as

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    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2014-04-14/2152/je32-paraschivcaraginmarinoiu.pdf
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    References listed on IDEAS

    as
    1. Alexius, Annika, 2001. "Uncovered Interest Parity Revisited," Review of International Economics, Wiley Blackwell, vol. 9(3), pages 505-517, August.
    2. Bekaert, Geert, 1995. "The Time Variation of Expected Returns and Volatility in Foreign-Exchange Markets," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(4), pages 397-408, October.
    3. Peter Backé & Franz Schardax, 2009. "European and Non-European Emerging Market Currencies: Forward Premium Puzzle and Fundamentals," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 56-66.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    globalisation; shipbuilding industry;

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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