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The Impact of Globalization Over Commercial Activities in the European Union

Author

Listed:
  • Ovidiu BUZOIANU

    (Bucharest University of Economic Studies)

  • Evelina Petronela BALU

    (Bucharest University of Economic Studies)

  • Karimov TURAL

    (Bucharest University of Economic Studies)

Abstract

This article addresses the evolution of trade with EU services in the 2012-2016 period compared to that of the goods to indicate the main trends that marked the exchanges in an increasingly global world economy and the two waves of EU enlargement to the East. Based on Balance of Payments statistics from Eurostat analyzes reveal the shifts in trade in services of the EU in terms of dynamics, structure, trade balance, degree of specialization and integration in domestic and global. Also aims at outlining recent trends that marked extra-EU trade flows and intra-EU as the latter meaning the process of economic integration in Europe. The present paper aims to contribute to a better knowledge of the issue given that both services in international economic literature and in the Romanian, it continues to be addressed in a much lower compared with goods.

Suggested Citation

  • Ovidiu BUZOIANU & Evelina Petronela BALU & Karimov TURAL, 2018. "The Impact of Globalization Over Commercial Activities in the European Union," PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, Bucharest University of Economic Studies, Romania, vol. 1(1), pages 645-649, April.
    • Handle: RePEc:rom:conase:v:1:y:2018:i:1:p:645-649
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