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Wirtschaftswachstum durch Außenhandel: Chancen im EU-Binnenmarkt und in neuen Wachstumsmärkten

Author

Listed:
  • Wolfmayr Yvonne

    (WIFO, Wien)

Abstract

Over the past 20 years, foreign trade has significantly contributed to Austria's economic growth. Foreign trade promotes efficiency gains, structural change, and technological innovations, while imports enhance competition and increase product variety. Austria achieves substantial real income gains through trade liberalization, which exceed the average of comparable EU countries. European integration, particularly through value chains linkages, plays a crucial role in these successes. In the face of global challenges and rising protectionism, strengthening the EU single market and better utilizing EU's free trade agreements with new potential markets remain central to Austria's economic future.

Suggested Citation

Handle: RePEc:vrs:wipobl:v:2025:y:2025:i:1:p:19-25:n:1007
DOI: 10.2478/wpbl-2025-0007
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More about this item

JEL classification:

  • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
  • F15 - International Economics - - Trade - - - Economic Integration
  • F60 - International Economics - - Economic Impacts of Globalization - - - General

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